#CEXvsDEX101 #CEXvsDEX101 #CEXvsDEX101

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are two main platforms for trading crypto, each with key differences. CEXs like Binance or Coinbase are run by companies that manage user accounts and hold assets, offering high liquidity, fast trades, and user-friendly interfaces. However, they require users to trust the platform and often require identity verification (KYC).

DEXs like Uniswap or PancakeSwap operate without intermediaries, allowing peer-to-peer trades directly from wallets. Users retain full control of their funds and can trade anonymously. However, DEXs can be slower, may have higher fees during network congestion, and are generally less beginner-friendly.

CEXs prioritize convenience and speed, while DEXs focus on privacy and decentralization. Choosing between them depends on your priorities—ease of use vs. control and privacy. For many, a hybrid approach using both offers the best balance in today’s crypto landscape. Know the risks, trade smart.