#CEXvsDEX101 – Which One Should You Use? 🏦🔄

Choosing between a Centralized Exchange (CEX) like #Binance and a Decentralized Exchange (DEX) like #Uniswap? Here’s a quick breakdown:

🔵 CEX (e.g., Binance, Coinbase)

✅ Pros:

Faster trades (high liquidity)

Easier for beginners (simple UI)

Supports fiat deposits (credit card/bank)

Customer support

❌ Cons:

Requires KYC (identity verification)

Custodial (you don’t hold private keys)

Centralized risk (hacks, regulations)

🟢 DEX (e.g., Uniswap, PancakeSwap)

✅ Pros:

No KYC (anonymous trading)

Non-custodial (you control keys)

Global access (no restrictions)

Supports new tokens early

❌ Cons:

Slower, costly (gas fees)

Complex for newbies (wallets, slippage)

Lower liquidity for small tokens

💡 When to Use Which?

CEX: Best for beginners, quick trades, and fiat on-ramps.

DEX: Best for privacy, early gems, and full crypto control.

Which do you prefer? Comment below! ⬇️

#Crypto #Bitcoin #DeFi #Write2Earn