What is the difference between centralized and decentralized exchanges?

Centralized exchanges (CEX) like Binance are easy to operate and have high liquidity, suitable for beginners; however, assets are held by the platform and KYC is required.

Decentralized exchanges (DEX) like Uniswap do not require registration, assets are under your control, and they have anti-censorship features, but they are more complex to operate and the risks are on you.

In simple terms:

👉 If you want to get started quickly with full functionality, use CEX

👉 If you value asset sovereignty and do not want restrictions, use DEX

Both have their advantages, so it is most important to choose flexibly according to your needs!

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