#CEXvsDEX101

🔍 #CEXvsDEX101 – What’s the Difference?

Choosing between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX)? Here’s what you need to know:

⚙️ CEX (e.g., Binance):

✅ User-friendly & fast

✅ High liquidity

✅ Customer support

⚠️ Requires trust in a third party

⚠️ Assets stored in platform-controlled wallets

🔗 DEX:

✅ You control your keys

✅ No KYC (in most cases)

✅ Transparent & open-source

⚠️ Lower liquidity (usually)

⚠️ Slower transactions & steeper learning curve

💡 Pro tip: Many traders use both. CEXs for convenience & speed, DEXs for privacy & self-custody.

🔁 Which one do you prefer — and why?

Drop your thoughts below 👇

#CryptoEducation #BinanceSquare #CryptoTrading #Web3