#CEXvsDEX101 CEX (Centralized Exchange): Run by a company (e.g., Binance, Coinbase). Easy to use, fast, but you trust the platform with your funds.
DEX (Decentralized Exchange): Peer-to-peer, no central authority (e.g., Uniswap, PancakeSwap). More private and secure, but slower and sometimes harder to use.
Key Difference:
CEX = convenience & control by company.
DEX = privacy & user control.
DEX (Decentralized Exchange): Peer-to-peer, no central authority (e.g., Uniswap, PancakeSwap). More private and secure, but slower and sometimes harder to use.
Key Difference:
CEX = convenience & control by company.
DEX = privacy & user control.