๐ #CEXvsDEX101 โ Whatโs the Difference & Why It Matters ๐
In the world of crypto, CEX (Centralized Exchanges) and DEX (Decentralized Exchanges) offer two distinct trading experiences. But which one is right for YOU? Letโs break it down. โ๏ธ
๐น CEX (Centralized Exchange)
โ Fast & user-friendly
โ Higher liquidity & trading volume
โ Customer support available
โ ๏ธ Requires KYC & custody of your funds by the platform
๐น DEX (Decentralized Exchange)
โ Full control of your assets (non-custodial)
โ Privacy-focused โ no KYC
โ Permissionless & open to all
โ ๏ธ May have lower liquidity, slower trades, and a steeper learning curve
๐กCEX is like a banked highway โ faster but regulated.
๐กDEX is the open road โ more freedom, but more responsibility.
Whether you're a new trader seeking simplicity or a DeFi veteran chasing self-sovereignty, understanding both models helps you trade smarter.