#CEXvsDEX101

Do you know where you are trading? 🤔

Here I explain the difference easily👇

🔷 CEX (Centralized Exchange)

✅ Easier to use

✅ Higher liquidity

❌ You need to do KYC

❌ You don't have real control over your crypto

📲 Eg: Binance, Bybit, Coinbase, etc.

🔶 DEX (Decentralized Exchange)

✅ No intermediaries

✅ You control your funds

❌ Sometimes less liquidity

❌ Can be more technical

🦄 Eg: Uniswap, PancakeSwap, Sushiswap, etc.

Summary

🏦 CEX = convenience / ease of use

🔐 DEX = Full control / requires technical knowledge