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Maria Asim
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#CEXvsDEX101 ๐จ CEX vs DEX 101 ๐ Wondering where to trade crypto? Let's break it down: ๐ต CEX (Centralized Exchange) โ User-friendly (ideal for beginners) โ High liquidity & faster trades โ Customer support โ Requires KYC (Know Your Customer) โ You donโt control your private keys ๐ Examples: Binance, Coinbase, Kraken ๐ DEX (Decentralized Exchange) โ You control your keys & funds (non-custodial) โ No KYC (pseudonymous) โ Open-source & censorship-resistant โ Slower trades & lower liquidity โ Can be complex for newbies ๐ Examples: Uniswap, PancakeSwap, dYdX ๐ฏ Key Difference: CEX = Trust the platform DEX = Trust the code Which one do YOU prefer โ security & control or convenience & speed? ๐ฌ๐ #Crypto #Blockchain #DeFi #Web3 #CryptoTrading
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