Many people don't know the difference between CEX and DEX
CEX (Centralized Exchange):
Operated by a company or organization.
Users trust the platform to hold and manage their funds.
Examples: Binance, Coinbase.
Features: Easy to use, customer support, faster transactions.
Downsides: Risk of hacking, less privacy.
DEX (Decentralized Exchange):
Operates without a central authority using blockchain technology.
Users control their funds through wallets; no middleman.
Examples: Uniswap, PancakeSwap.
Features: More privacy, no custody of funds, permissionless.
Downsides: May have a steeper learning curve, slower transactions.
In short:
CEX is like a bank (you trust them to hold your money).
DEX is like using cash directly (you control everything yourself).
