#CEXvsDEX101 #CEXvsDEX101: What differentiates a CEX from a DEX?
In the crypto world, choosing between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX) can make a big difference.
💡 CEX (like Binance):
Custodies your funds.
Higher liquidity and execution speed.
Customer support and advanced tools.
Requires KYC in most cases.
🌐 DEX (like PancakeSwap or Uniswap):
No intermediaries: you control your keys.
Greater privacy, no KYC.
Operates on smart contracts.
Lower liquidity and higher risk of errors.
🎯 Are you looking for security and support? A CEX might be ideal.
Do you prefer total sovereignty? A DEX is your path.
Which do you prefer? Comment below! 👇