#CEXvsDEX101 CEX vs DEX: My Take After Years in Crypto ๐ง
If youโve spent time in crypto, youโve probably used both centralized exchanges (CEXs) and decentralized exchanges (DEXs). Hereโs my take on the pros, cons, and when to use each ๐
๐ CEX vs DEX โ The Pros & Cons
CEXs (e.g. Binance, Coinbase)
โ
Easy to use โ great for beginners
โ
High liquidity & faster trades
โ
Fiat on/off ramps
โ You donโt own your keys
โ Can be subject to regulations or hacks
DEXs (e.g. Uniswap, PancakeSwap)
โ
True self-custody โ you control your assets
โ
No KYC in most cases
โ
Access to early/token gems
โ Can have lower liquidity
โ Higher gas fees & more complex UX
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๐ Which One Do I Prefer?
๐น For large trades or when I need speed & liquidity โ CEX
๐น For experimenting with new tokens, farming, or staying private โ DEX
Itโs all about the use case and risk appetite.
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๐ง How I Choose Between CEX & DEX
Before using either, I ask myself:
Do I need fiat on/off ramp?
Am I okay with KYC?
Is this a long-term hold or quick trade?
Is security or convenience more important right now?
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๐ก๏ธ Advice for First-Time DEX Users
1. Double-check contracts โ scams are everywhere
2. Start small โ test with a small amount first
3. Use a reliable wallet like MetaMask or Trust Wallet
4. Keep gas fees in mind โ always have native tokens to cover them
5. Stay safe โ bookmark the official DEX site, avoid fake links
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๐ Whether youโre team CEX or DEX, knowing when and why to use each is key.
๐ฌ Whatโs your experience with CEXs vs DEXs? Any tips or horror stories to share?
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