#CEXvsDEX101

📊 Do you know the difference between centralized exchanges (CEX) and decentralized exchanges (DEX)? Here’s a quick overview to clarify:

✅ Centralized exchanges (CEX) like Binance and Coinbase, where the intermediary company manages trading operations and temporarily holds your funds. They are characterized by ease of use, high liquidity, and technical support, but they offer less privacy and require identity verification (KYC).

🌀 Decentralized exchanges (DEX) like Uniswap and PancakeSwap allow you to trade directly from your own wallet without an intermediary. They enhance privacy and give you full control over your funds, but they can be complex for beginners and may sometimes suffer from low liquidity.

Each type has its advantages and disadvantages, and the choice depends on your trading style and the level of security you are looking for. Which do you prefer? 🤔