#CEXvsDEX101
Centralized Exchanges (CEXs) are platforms like Binance or Coinbase, acting as intermediaries where users trade crypto by depositing funds they don't directly control. They offer high liquidity, user-friendly interfaces, and traditional financial services, but come with counterparty risk and require KYC. Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap operate on blockchain, allowing peer-to-peer trading directly from user wallets, ensuring self
Centralized Exchanges (CEXs) are platforms like Binance or Coinbase, acting as intermediaries where users trade crypto by depositing funds they don't directly control. They offer high liquidity, user-friendly interfaces, and traditional financial services, but come with counterparty risk and require KYC. Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap operate on blockchain, allowing peer-to-peer trading directly from user wallets, ensuring self