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#CEXvsDEX101
#CEXvsDEX101: Centralized vs Decentralized Exchanges

🏛️ CEX (Centralized Exchange)

Examples: Binance, Coinbase, Kraken

Custody: The platform holds your assets

Ease of Use: User-friendly, faster trades

Liquidity: Typically higher

KYC/AML: Usually required

Risks: Hacking, frozen accounts, custodial control

🧱 DEX (Decentralized Exchange)

Examples: Uniswap, PancakeSwap, dYdX

Custody: You control your keys

Permissionless: No account needed

Liquidity: Depends on user-supplied pools

Transparency: All on-chain

Risks: Smart contract bugs, slippage, lower support

TL;DR:
CEX = convenience & support
DEX = control & decentralization
Choose based on your risk profile and goals. #CryptoBasics #KnowYourExchange

#CEXvsDEX101 Centralized vs Decentralized Exchanges
🏛️ CEX (Centralized Exchange)
Examples: Binance, Coinbase, Kraken
Custody: The platform holds your assets
Ease of Use: User-friendly, faster trades
Liquidity: Typically higher
KYC/AML: Usually required
Risks: Hacking, frozen accounts, custodial control
🧱 DEX (Decentralized Exchange)
Examples: Uniswap, PancakeSwap, dYdX
Custody: You control your keys
Permissionless: No account needed
Liquidity: Depends on user-supplied pools
Transparency: All on-chain
Risks: Smart contract bugs, slippage, lower support
TL;DR:
CEX = convenience & support
DEX = control & decentralization
Choose based on your risk profile and goals. #CryptoBasics #KnowYourExchange

#CEXvsDEX101 explains the key differences between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) in the world of crypto trading. CEX platforms, like Binance or Coinbase, are operated by companies that act as intermediaries, offering user-friendly interfaces, high liquidity, and customer support. In contrast, DEX platforms like Uniswap or PancakeSwap allow peer-to-peer trading without intermediaries, giving users more control over their assets and privacy. While CEXs are often faster and regulated, DEXs offer greater transparency and decentralization. Understanding both helps investors choose the right platform based on their needs, risk tolerance, and trading style. #CryptoBasics #Blockchain101 #DeFiExplained #CryptoTrading #KnowYourExchange