#CEXvsDEX101 : What is the difference?
Confused between centralized exchanges (CEX) and decentralized exchanges (DEX)? Let's break it down 👇
🧩 CEX (Centralized Exchange):
Managed by a company (e.g., Binance, Coinbase)
Easier for beginners
Higher liquidity and faster transactions
Requires KYC and trust in the platform
🛠️ DEX (Decentralized Exchange):
Peer-to-peer, without a central authority (e.g., Uniswap, PancakeSwap)
Total control of your funds (no custody risk)
No KYC, more privacy
Can be slower and less user-friendly
⚖️ CEX = Convenience
🛡️ DEX = Freedom
Which do you prefer — control or convenience? We want to hear your opinion 💬👇
