#CEXvsDEX101

In the cryptocurrency ecosystem, there are two main types of platforms for asset exchange: **centralized (CEX)** and **decentralized (DEX)**.

### 🔐 Centralized Platforms (CEX)

**Examples:** Binance, Coinbase, Kraken

They act as intermediaries that hold users' funds and manage transactions. They require identity verification (KYC) and offer high liquidity, speed in execution, and a more user-friendly experience. However, the funds are under the control of the platform, which can be risky in case of hacking or regulatory blocks.

### 🔓 Decentralized Platforms (DEX)

**Examples:** Uniswap, PancakeSwap, dYdX

They allow trading without intermediaries, directly from a wallet like MetaMask. They provide greater privacy, complete control over funds, and transparency. In return, they tend to have less liquidity, more complex interfaces, and depend on network performance.