#CEXvsDEX101
๐ #CEXvsDEX101 ๐ก
Confused about crypto exchanges? Let's break it down! ๐
(Centralized Exchange)
โ Easy to use
๐ Custody held by platform
๐ High liquidity
๐ซ Risk of hacks & censorship
๐ DEX (Decentralized Exchange)
๐ You hold your keys
๐ต๏ธโโ๏ธ More privacy
๐ Peer-to-peer trades
๐ข Sometimes slower & less liquid
๐ง Choose what fits YOU best!
๐ฌ CEX or DEX โ which one do you use & why?