#CEXvsDEX101🔥 $

When I first started trading crypto, I stuck with CEXs. The user-friendly interfaces, high liquidity, and fiat on-ramps make it an easy entry point all the time. But as I got deeper into the space, I realized that relying solely on centralized exchanges can limit your control over your assets.

I have created a list of pros and cons for both CEXs and DEXs.

CEX pros:

1. Easy to use, especially for beginners

2. High liquidity

3. Fast execution

4. Customer support (most of the time).

CEX cons:

1. "Not your keys, not your coins"

2. Regulatory risks

3. Occasional withdrawal freezes

4. Prone to hacks despite their best efforts.

DEX pros:

1. True ownership of assets

2. More privacy

3. Fewer KYC requirements

4. Access to newer or less-known tokens early, which can be very useful and lucrative.

DEX cons:

1. Higher learning curve

2. Lower liquidity on certain pairs.

Personally, I use CEXs for large trades and fiat transactions, and DEXs when I want full control or access to early DeFi opportunities. My rule of thumb: If I'm not actively trading it, it belongs in my self-custody wallet.