#CEXvsDEX101 📊 Which Exchange Fits You Best? ⚔️
Choosing between a Centralized Exchange (CEX) and Decentralized Exchange (DEX)? Here’s what you need to know:
🏛️ CEX (Centralized Exchange)
• Custodial: Your assets are stored by the platform.
• Easy to use, high liquidity, fast trades.
• KYC required. Security depends on the platform.
🌐 DEX (Decentralized Exchange)
• Non-custodial: You control your keys.
• More privacy, no KYC, better for DeFi lovers.
• Lower liquidity, slower execution, learning curve.
Pro Tip: Use CEX for convenience and speed, DEX for control and privacy. Combine both for a smart trading strategy! 🤝💡
👉 Always DYOR (Do Your Own Research) before trading.