CEX / Centralized Exchange vs KYC / Know Your Customer
Quick comparison to help you distinguish these two crypto terms.
CEX / Centralized Exchange
beginner
market_structure
A centralized exchange is a company-operated cryptocurrency trading platform that holds your funds, manages order matching, and requires identity verification to use.
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beginner
market_structure
KYC is an identity verification process required by regulated exchanges where users submit personal documents to confirm their identity before accessing full platform features.
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