#CEXvsDEX101 CEX vs. DEX: What Traders Should Know

Choosing between a centralized (CEX) or decentralized exchange (DEX) depends on your goals and risk tolerance.

🔹 CEXs like Binance offer high liquidity, fast execution, fiat support, and beginner-friendly features. They’re great for large trades and leverage but require KYC and don’t give you control of private keys.

🔹 DEXs like Uniswap or PancakeSwap offer privacy, self-custody, and access to new tokens. They're permissionless and ideal for DeFi exploration, but come with risks like smart contract bugs and no customer support.

💡 I use CEXs for large, frequent trades and DEXs for early DeFi projects or yield farming.

Tips for DEX users: verify contract addresses, test with small amounts, and use secure wallets. Mastering both helps you trade smarter.