#CEXvsDEX101 CEX (Centralized Exchange) requires KYC, is an intermediary, you hold your money with them, easier to use, examples: BINANCE, Kucoin, etc.

DEX (Decentralized Exchange) does not require KYC, you operate directly from your wallet (without intermediary), offers privacy and control, complex to use, examples: SushiSwap, UniSwap, etc.