#CEXvsDEX101
#CEXvsDEX101
Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are two ways to trade crypto, each with pros and cons. CEX platforms like Binance or Coinbase offer ease of use, high liquidity, and fast transactions, but require users to trust a third party with their funds. On the other hand, DEXs like Uniswap or PancakeSwap give users full control over their assets and offer more privacy, but may have lower liquidity and slower trades. For beginners, CEX is user-friendly; for advanced users valuing control, DEX is ideal. Know your goals before choosing! #CryptoBasics #Web3 #CryptoEducation #DeFi