#CEXvsDEX101 $USDC
š #CEXvsDEX101: Whatās the Difference?
Confused between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX)? Letās break it down š
š§© CEX (Centralized Exchange):
Run by a company (e.g., Binance, Coinbase)
Easier for beginners
Higher liquidity & faster trades
Requires KYC & trust in the platform
š ļø DEX (Decentralized Exchange):
Peer-to-peer, no central authority (e.g., Uniswap, PancakeSwap)
Full control of your funds (no custodial risk)
No KYC, more privacy
Can be slower & less user-friendly
āļø CEX = Convenience
š”ļø DEX = Freedom
Which one do you prefer ā control or convenience? Letās hear your take š¬š
#Crypto #DeFi #Blockchain #Web3 #CryptoEducation