๐ CEX vs DEX: The Ultimate Crypto Battle! ๐๐
If you're diving into crypto, you NEED to know the difference between CEXs (Centralized Exchanges) and DEXs (Decentralized Exchanges). Letโs break it down!
๐ข CEX (Centralized Exchange)
โ User-friendly, easy onboarding
โ High liquidity and faster trades
โ Customer support available
โ Fiat on-ramps (buy with USD, EUR, etc.)
โ You donโt own your keys ("Not your keys, not your coins")
โ Can be hacked or shut down
๐ก Examples: Binance, Coinbase, OKX
๐ DEX (Decentralized Exchange)
โ True self-custody: You own your keys ๐
โ Permissionless access โ no KYC needed
โ Open-source and transparent
โ Often lower fees (on some chains)
โ Requires wallet setup (MetaMask, Phantom, etc.)
โ May have lower liquidity
โ Harder for beginners
๐ก Examples: Uniswap, PancakeSwap, Raydium
๐ฅ So, CEX or DEX?
For ease & speed โ Start with a CEX
For freedom & self-sovereignty โ Explore DEXs
The pros use both โ choose based on your needs & risk appetite!
๐ฌ CEX or DEX โ which one do YOU prefer, and why?
Drop your thoughts below! ๐
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