#CEXvsDEX101 Which Crypto Exchange Is Right for You?
By Muhammadtrader75 | Crypto Educator
Understanding the difference between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) is key to leveling up your crypto game. Hereās the quick breakdown:
š¦ What Is a CEX?
Centralized Exchanges like Binance, Coinbase, or Kraken are user-friendly platforms that offer:
ā Fast transactions
ā High liquidity (more traders = better prices)
ā Security and customer support
š But you must trust the platform to hold your crypto safely.
> Think of it like a bank for crypto ā convenient but custodial.
š What Is a DEX?