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🎊June month mission is here join now to Earn upto 3600 USDC 💰in rewards on Dual investment🎊 👉join in the campain 👈 $SOL $BNB $USDC
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#CEXvsDEX101 Here are 10 facts comparing CeX vs DEX 1. Control CEX: Operated by a centralized company DEX: Operated via smart contracts; users control their own funds. 2. Custody👜 CEX: users crypto in custodial wallets. DEX: Non-custodial; users trade directly from their wallets. 3. KYC🪪 CEX: Requires identity verification KYC. DEX: Typically doesn't require KYC. 4. Liquidity🏊 CEX: Generally higher liquidity and faster order matching. DEX: May have lower liquidity. 5. Security Risks🔐 CEX: Prone to hacking due to centralized wallets. DEX: Safer in terms of custody but vulnerable to smart contract bugs. 6. Ease of Use🎮 CEX: More user-friendly; supports fiat and margin trading. DEX: Requires understanding of crypto wallets and blockchain. 7. Speed🦸 CEX: Faster transactions due to off-chain processing. DEX: Slower due to on-chain execution. 8. Fees💲 CEX: May charge trading, deposit, and withdrawal fees. DEX: Lower trading fees but includes blockchain gas costs. 9. Token Availability🪙 CEX: Lists selected token DEX: Allows trading of virtually any token, including new ones. 10. Examples💯 CEX: Binance,Kraken etc DEX: Uniswap,PancakeSwap etc
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