HERE IS A SIMPLE BUT COMPREHENSIVE DIFFERENCES BETWEEN CEX AND DEX

1/ Centralized Exchange  (CEX)
(e.g. Binance, KuCoin, Coinbase)

✨.	You create an account and go through KYC (ID verification).

✨.	The exchange holds your crypto – you don’t control the private keys.

✨.	Trades are handled by the platform using internal order books.

✨.	MEMO/tag may be required when depositing certain tokens.

✨.	Beginner-friendly, but you're trusting a third party with your funds.

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