#CEXvsDEX101
๐ The difference between CEX and DEX? ๐ค
In the crypto world, you've definitely heard these terms:
CEX = Centralized Exchange
DEX = Decentralized Exchange
But what's the difference between them? Let's see ๐
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๐๏ธ 1. CEX โ Centralized Exchanges
Like Binance โ OKX โ Coinbase
๐น Central operating entity (a company manages the platform)
๐น Requires account registration and identity verification (KYC)
๐น High execution speed and professional tools
๐น You store your funds inside the platform (Custodial)
๐ Suitable for beginners and fast trading, but you need to trust the operating entity.
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๐ 2. DEX โ Decentralized Exchanges
Like Uniswap โ PancakeSwap โ dYdX
๐น No central party (operates on smart contracts)
๐น No registration or KYC
๐น Full control of your wallet (Non-Custodial)
๐น Trading through wallets like MetaMask
๐ Freedom and security, but a bit complex and sometimes slower.
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โ Which is better?
There's no one-size-fits-all solution,
โ๏ธ CEX: If you want ease, support, and fast trading
โ๏ธ DEX: If you prefer privacy and complete control over your funds
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๐ฃ Where do you trade?
Share your experience ๐
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