Centralized Exchanges (CEX):
- Easy to use for beginners.
- Supports fiat/digital currency transfers.
- Subject to regulations that may provide some protection.
- But it requires trust in a third party (depositing funds on the platform).
🛡️ Decentralized Exchanges (DEX):
- You do not control your funds (you are solely responsible for your wallet).
- Direct trading between users without intermediaries.
- Highest level of privacy.
- But it may be complicated for beginners and lacks support for traditional currencies.
Which one do you choose?
- If you prefer ease and high liquidity, CEX is your choice.
- If you care about security and decentralization, DEX is more suitable.
💡 Tip: Study both options and choose what fits your goals.