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#CEXvsDEX CEX — is a centralized exchange, like Binance or Bybit, where trades happen quickly and conveniently, but funds are stored in the exchange's account, not yours. This is convenient for beginners but requires KYC and carries the risk of account freezing. DEX — is a decentralized exchange like Uniswap or PancakeSwap, where you manage your funds through a wallet. There is no verification here, but the interface is more complex and mistakes can be made with no possibility of getting the money back. CEX offers high liquidity and support, while DEX offers freedom and anonymity. The choice depends on your goals: convenience or control and privacy.