๐ #CEXvsDEX101: Which One Should a Crypto Beginner Choose?
In the crypto world, there are two main types of exchanges: CEX (Centralized) and DEX (Decentralized). Letโs break down the key differences ๐
๐น CEX (Centralized Exchange)
โ User-friendly interface
โ Fast trading
โ Higher liquidity
โ Requires KYC
โ Funds are stored on the platform
๐น DEX (Decentralized Exchange)
โ Full control over your assets
โ No KYC, more privacy
โ Trade directly from your wallet
โ May have lower liquidity
โ Requires more technical knowledge
๐ก CEX is great for beginners, while DEX offers freedom and decentralization for more advanced users.
๐ Have you tried both? Which one do you prefer?