#CEXvsDEX101 Feature CEX (Centralized Exchange) DEX (Decentralized Exchange)

Example Binance, Coinbase, Kraken Uniswap, PancakeSwap, SushiSwap

Control Controlled by a central authority (like Binance) No central control – smart contracts handle trades

User Custody The platform holds users’ funds Users control their own wallets

KYC/Verification Required (ID, documents) Usually not required

Ease of Use Very user-friendly, ideal for beginners More complex for new users

Speed Fast and efficient Depends on blockchain congestion

Security Risk Risk of hacks or platform mismanagement Lower central risk but smart contract bugs possible

Fiat Integration Supports fiat (USD, EUR, BDT) deposits/withdrawals No direct fiat support

Trading Features Advanced tools: margin