#CEXvsDEX101 Great hashtag! Here's a clean and informative breakdown you can use for #CEXvsDEX101 โ€” a comparison between centralized and decentralized exchanges. This is ideal for a beginner-friendly post, thread, or explainer.

๐Ÿ”„ #CEXvsDEX101: Centralized vs. Decentralized Exchanges

If you're new to crypto, knowing the difference between CEX and DEX is crucial. Here's what sets them apart:

๐Ÿ›๏ธ Centralized Exchange (CEX)

Examples: Binance, Coinbase, Kraken

How it works: A company runs the exchange. You deposit funds into their custody.

Pros:

โœ… Easy to use (good UI/UX)

โœ… High liquidity & fast execution

โœ… Customer support available

โœ… Fiat on