🔍 #CEXvsDEX101 : What I’ve Learned So Far

Choosing between a CEX (Centralized Exchange) and a DEX (Decentralized Exchange) isn't just about preference, it's a strategy. Here's how I break it down:

💡 CEX Pros & Cons:

✅ Pros:

High liquidity & fast trades

Easier for beginners (UI/UX is smooth)

Customer support when things go wrong

❌ Cons:

You don’t control your keys (not your keys, not your coins)

Risk of hacks or withdrawal freezes

🔓 DEX Pros & Cons:

✅ Pros:

Full control of funds

Often access to newer/low-cap gems early

No KYC in most cases

❌ Cons:

Can be complex to use

Risk of failed/wrong transactions

Slippage and low liquidity issues on some pairs

🤔 My Strategy:

I use CEXs for convenience, especially when I need high-volume trades, stablecoins, or fiat ramps.

I switch to DEXs when I'm hunting early opportunities or want full custody during volatile times.

🧠 Tips for DEX First-Timers:

1. Triple-check contract addresses (avoid fake tokens!)

2. Start with small amounts to get used to the interface

3. Use tools like DeBank or DEX aggregators to save on gas & avoid slippage

4. Always keep some ETH/BNB for gas fees

💬 Which side are you on : CEX or DEX? And why?

Let’s help new traders find their way 👇