#CEXvsDEX101
CEX vs DEX: My Take on Trading Crypto Both Ways
When I first got into crypto, I started trading on a centralized exchange (CEX) like most beginners. Platforms like Binance, Coinbase, and Kraken are user-friendly, fast, and come with strong customer support. They felt secure and convenient, especially when I was still learning. KYC (Know Your Customer) was a hassle, but I appreciated the structure.
Then I discovered decentralized exchanges (DEXs) like Uniswap, PancakeSwap, and dYdX — and everything changed. DEXs don’t require signups, ID verification, or handing over control of your funds. It felt liberating. I could connect my wallet and trade directly from it. Total self-custody.
But it’s not all perfect. CEXs usually offer better liquidity, faster trade execution, and advanced trading tools. DEXs, on the other hand, can be slower and more expensive when network congestion hits. Plus, if you make a mistake on a DEX, there’s no support ticket — it’s on you.
In the end, I use both. CEXs for convenience and fiat on-ramps. DEXs when I want privacy, full control, or access to tokens not listed on major platforms. Each has its strengths — it all depends on how much control and responsibility you want.
