#CEXvsDEX101 #CEXvsDEX101

CEX (Centralized Exchange)

VS

DEX (Decentralized Exchange):

CEX (like Binance.com) is a centralized exchange where Binance holds your funds. It's easy to use, has high liquidity, fast trades, and customer support. But you need to do KYC, and it's more exposed to regulations and hacks.

DEX (like PancakeSwap on BSC) is decentralized, meaning you control your own wallet and keys. It gives more privacy and doesn’t require KYC, but it's a bit technical, slower, and can have less liquidity.