#CEXvsDEX101 Users of DEX hold their own private keys and personal information – KYC compliance is not required. There are two types of DEX, those with an order book system (LoopRing, Gnosis Protocol, or IDEX) and those with innovative automated market makers (Uniswap was the first to adopt this model). DEXs can list more trading pairs since the listing process is not as demanding as with CEXs.
CEXs also provide fiat-crypto trading pairs and act as collateral for transaction execution. They are particularly beginner-friendly – most individual investors made their first crypto transactions "on-ramp" or, in simpler terms, with their credit cards.
$USDC
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CEXs also provide fiat-crypto trading pairs and act as collateral for transaction execution. They are particularly beginner-friendly – most individual investors made their first crypto transactions "on-ramp" or, in simpler terms, with their credit cards.
$USDC
$BTC