You’ve probably seen comments like “When CEX?” — but what do those three letters actually mean? Today, let’s break down the difference between CEX and DEX.

📍What is a CEX?
Centralized exchanges (CEXs) act as intermediaries for buying, selling, and trading crypto. They hold users’ assets in custody and match trades through an internal order book — similar to traditional stock exchanges.
Examples: Binance, OKX, Bybit.

📍What is a DEX?
Decentralized exchanges (DEXs) let users trade crypto directly with each other, without a middleman. They run on blockchains using smart contracts, most often with an automated market maker (AMM) model.
Examples: Uniswap, PancakeSwap, SushiSwap.

📍Which is better?
It depends on your needs.
CEXs are beginner-friendly, with customer support, higher liquidity, and simple interfaces.
DEXs give you more privacy and full control since you trade straight from your wallet.

📍Is it cheaper to buy on a CEX or DEX?
It varies. CEXs may have higher trading fees, but DEXs can be more expensive if blockchain gas fees are high. CEXs often offer discounts for high-volume traders, while DEXs may be cheaper for small trades when network fees are low.

Both play a huge role in crypto — and many traders use both depending on the situation.

Let us know in the comments: which exchanges do you use daily?✋

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