#CEXvsDEX101 Centralized Exchanges (CEXs) like Binance offer high liquidity, fast execution, user-friendly interfaces, and support for fiat deposits. They're ideal for beginners and high-volume traders. However, you don't control your private keys, and KYC is usually required.

🔹 Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap offer self-custody, privacy, and access to newer tokens. They're permissionless and censorship-resistant—but come with risks like smart contract bugs, higher slippage, and no customer support.

💡 I use CEXs for day-to-day trading, larger positions, and leverage (like in Futures trading). I prefer DEXs when hunting for early DeFi gems or participating in yield farming.

✅ Tips for DEX first-timers:

Always verify contract addresses

Start with small test transactions

Use a secure wallet like MetaMask or a hardware wallet

In the end, both CEXs and DEXs are essential tools. Learn how to use each one wisely depending on the situation.