#CEXvsDEX101
Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) each have their own strengths and weaknesses.
CEX Pros:
• Easy to use with user-friendly interfaces.
• High liquidity and faster transactions.
• Customer support is available.
• Often offer advanced trading tools and features.
CEX Cons:
• Require users to trust a third party with their funds.
• More vulnerable to hacks and government regulations.
DEX Pros:
• Users keep full control of their funds (no third party).
• More privacy and censorship resistance.
• Often lower fees.
DEX Cons:
• Can be harder to use for beginners.
• Lower liquidity and slower transaction times.
• Limited trading features.
My Preference:
I use CEX for convenience and speed when I need fast trades or fiat conversions. But I prefer DEX when I want full control of my crypto and better privacy. Both are important depending on the situation.