#CEXvsDEX101 CEX (Centralized Exchange) = like Binance or Coinbase
๐ A broker that controls your funds โ easy and fast but requires trust in the platform.
DEX (Decentralized Exchange) = like Uniswap or PancakeSwap
๐ Trade directly from your wallet โ more secure and private, but sometimes slower and less liquid.
๐ Summary:
CEX = easy and centralized
DEX = free and decentralized
๐ A broker that controls your funds โ easy and fast but requires trust in the platform.
DEX (Decentralized Exchange) = like Uniswap or PancakeSwap
๐ Trade directly from your wallet โ more secure and private, but sometimes slower and less liquid.
๐ Summary:
CEX = easy and centralized
DEX = free and decentralized