[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"glossary-term:dex-vs-cex":3,"glossary-all":18},{"slug":4,"category":5,"title":6,"body":7,"meta_desc":8,"related":9},"dex-vs-cex","defi","DEX vs CEX","A CEX (centralized exchange) is a company-run platform — like a traditional brokerage — that matches buyers and sellers, usually holds customer funds in custody, and requires an account and often KYC verification. A DEX (decentralized exchange) is a set of smart contracts that lets users trade directly from their own non-custodial wallets, typically using liquidity pools instead of a company order book, with no sign-up required. CEXs tend to offer more liquidity, fiat on-ramps, and customer support, while DEXs offer more privacy and remove the risk of an exchange mishandling or losing custody of your funds. Many traders use both: a CEX to convert cash to crypto, and a DEX for certain trades or tokens not listed on centralized platforms.","CEX platforms are company-run and custodial; DEX platforms are smart-contract-based and let you trade directly from your own wallet.",[10,12,15],{"slug":5,"title":11},"DeFi (Decentralized Finance)",{"slug":13,"title":14},"custodial-vs-non-custodial","Custodial vs Non-Custodial",{"slug":16,"title":17},"liquidity","Liquidity",[19,23,27,30,33,34,37,40,43,47,48,51,54,58,61,64,65,68,69,72],{"slug":20,"category":21,"title":22},"blockchain","fundamentals","Blockchain",{"slug":24,"category":25,"title":26},"wallet","security","Wallet (Hot vs Cold)",{"slug":28,"category":25,"title":29},"private-key","Private Key",{"slug":31,"category":25,"title":32},"seed-phrase","Seed Phrase",{"slug":5,"category":5,"title":11},{"slug":35,"category":5,"title":36},"staking","Staking",{"slug":38,"category":21,"title":39},"gas-fee","Gas Fee",{"slug":41,"category":21,"title":42},"stablecoin","Stablecoin",{"slug":44,"category":45,"title":46},"market-cap","trading","Market Cap",{"slug":16,"category":45,"title":17},{"slug":49,"category":45,"title":50},"order-book","Order Book",{"slug":52,"category":45,"title":53},"maker-taker-fees","Maker\u002FTaker Fees",{"slug":55,"category":56,"title":57},"kyc","regulation","KYC (Know Your Customer)",{"slug":59,"category":25,"title":60},"cold-storage","Cold Storage",{"slug":62,"category":25,"title":63},"proof-of-reserves","Proof-of-Reserves",{"slug":13,"category":25,"title":14},{"slug":66,"category":45,"title":67},"slippage","Slippage",{"slug":4,"category":5,"title":6},{"slug":70,"category":21,"title":71},"tokenomics","Tokenomics",{"slug":73,"category":21,"title":74},"halving","Halving"]