#CEXvsDEX101 CEXvsDEX101 Value privacy and want access to a wider range of new tokens? DEXs are often the preferred choice.

Many experienced crypto users utilize both CEXs and DEXs, leveraging the strengths of each for different purposes. For example, they might use a CEX to convert fiat to crypto, then transfer those funds to a self-custody wallet and use a DEX for more obscure token swaps or to participate in DeFi protocols.