#CEXvsDEX101
CEX vs DEX: WHATS THE MAIN DIFFERENCES?
📦 Centralized Exchanges (CEX)
CEX (Centralized Exchange) is a crypto trading platform managed by a central authority, where users trade through the exchange’s internal system. It offers high liquidity and user-friendly interfaces but requires users to trust the platform with their funds. Their main Features are
✅ Easy to use
✅ High liquidity
🚫 You don’t control your keys
🚫 Prone to hacks & regulations
Example: Binance, Coinbase
🔓 Decentralized Exchanges (DEX)
DEX (Decentralized Exchange) is a peer-to-peer marketplace where users trade directly from their wallets using smart contracts. It offers greater privacy and control but may involve higher complexity and lower liquidity. Their main Features are
✅ Full control of your funds
✅ Privacy-focused
🚫 Slower & complex for newbies
🚫 Lower liquidity
Example: Uniswap, PancakeSwap
🎯 Quick Tip:
Use CEX for speed & convenience
Use DEX for privacy & true ownership
💬 Which one do YOU trust more with your crypto? 👇
#Crypto101 #CEXvsDEX #CryptoEducation #BinanceSquare #Web3
