#CEXvsDEX101 Centralized Exchange) requires KYC, it is an intermediary, you keep 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), they offer privacy and control, complex to use, examples: SushiSwap, UniSwap, etc.