#CEXvsDEX101

Hello esteemed community.

There is always a choice!!!

The choice between centralized and decentralized exchanges is a key decision for anyone involved in cryptocurrency.

Each has its own advantages and disadvantages in terms of security, user convenience, liquidity, and control. Knowing when to use which is an important part of trading considering the risks.

Centralized (CEX) and decentralized (DEX) exchanges have their unique features, and the choice between them depends on the user's priorities. CEXs, such as Binance and Coinbase, offer high liquidity, a simple interface, and fast transactions.

However, users here relinquish control over their assets to the exchange. This makes the process convenient but less secure in the event of a platform hack.

On the other hand, DEXs, for example, Uniswap, allow trading directly from a wallet without intermediaries.

You maintain full control over your funds, which increases the level of decentralization and security. However, DEXs may be less convenient for beginners and have higher fees during a congested network.

The choice is yours.

Good luck friends.