#CEXvsDEX101: What is the difference?** 🧠💸
🔹 **CEX (Centralized):**
Easy to use, high liquidity, but require KYC and you do not control your funds. E.g.: Binance, Coinbase.
🔸 **DEX (Decentralized):**
You control your assets, without intermediaries or verifications, but they can be more complex. E.g.: Uniswap, PancakeSwap.
💡 *In summary:*
CEX = Easier and faster
DEX = More privacy and control
