#CEXvsDEX101
CEX (Centralized Exchange) like Binance or Coinbase is managed by a company that holds your funds and facilitates trades. It's super user-friendly 😌, fast ⚡, and offers high liquidity 💧. But, you're trusting a third party with your assets 🔐.
DEX (Decentralized Exchange) like Uniswap or PancakeSwap allows you to trade directly from your wallet 🦊 without giving up control. It’s non-custodial 🙌, censorship-resistant 🚫📵, and promotes privacy 🕵️. However, it may have higher fees ⛽, slower speeds 🐢, and less support 🧑🔧.
TL;DR:
CEX = Easy & fast but centralized 🏦
DEX = Secure & private but requires more knowledge 🧠🔓
Choose based on your needs and comfort with crypto! 🚀💰