#CEXvsDEX101 Where do you trade — on a centralized exchange or decentralized?
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Let's break it down without complicated words: 🔶 CEX (Centralized Exchange) — Binance, etc.
✅ Convenient interface
✅ High liquidity
✅ Support and security
⚠️ But — verification and trust in the platform are needed 🌐 DEX (Decentralized Exchange) — Uniswap, PancakeSwap, dYdX, etc.
✅ You hold your own funds
✅ Trade directly from your wallet
✅ Anonymity and freedom
⚠️ But — higher fees, risks of scam tokens, and lack of support
📌 The choice is not "either-or", but "when and where".
Want convenience — go to CEX.
Need privacy and access to new tokens — go to DEX.
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💬 Where do you trade more often — CEX or DEX? And why?