#CEXvsDEX101

🔍 What are CEV and DEX in the crypto world?

✅ CEV (Centralized Exchange Venue)

CEV is a centralized crypto exchange, meaning it is operated and managed by a specific company or entity. Examples: Binance, Coinbase, Tokocrypto, Indodax.

🏛 Characteristics of CEV:

🔐 Centralized: Full control is in the hands of a third party (the company).

💳 Holds user funds: This means you deposit crypto and fiat (rupiah, dollars) on the platform.

🧾 Requires KYC (identity verification): Must upload ID card, selfie, etc.

⚡ Fast & easy to use: Suitable for beginners.

📈 High liquidity: Large trading volume, fast transactions.

⚠️ Risks of CEV:

Potential to be hacked.

Asset control is not entirely in your hands.

Account freezing by the platform may occur.

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🔄 DEX (Decentralized Exchange)

DEX is a decentralized crypto exchange, meaning there is no central party controlling it. Transactions occur directly between users through smart contracts on the blockchain. Examples: Uniswap, PancakeSwap, SushiSwap.

🧬 Characteristics of DEX:

👤 Non-Custodial: You retain full control over your wallet and assets.

❌ No KYC required: Generally anonymous.

💸 Uses personal wallets: Like MetaMask, Trust Wallet.

🛠️ Integrated with DeFi.

🌐 Based on blockchain: For example, Ethereum, BNB Chain, Arbitrum.