#CEXvsDEX101 #CEXvsDEX101 #CEXvsDEX101
Which Side Are You On? š„
In the crypto arena, two heavyweights go head-to-head:
Centralized Exchanges (CEX) š¤ vs. Decentralized Exchanges (DEX) š¦¾
Hereās the lowdown:
š CEX (like Binance, Coinbase)
āļø User-friendly interface
āļø Deep liquidity pools
āļø Customer support available
ā ļø Butāyou donāt control your private keys
š DEX (like Uniswap, PancakeSwap)
āļø You hold the keys
āļø No KYC, no sign-ups
āļø Open and borderless access
ā ļø Steeper learning curve for beginners
š” Tip: Go with CEX for convenience. Pick DEX for freedom and privacy.
So tell usā¦
š Will you trust the company?
š§ Or will you trust the code?