#CEXvsDEX101 🚀 CEX vs DEX: What should a trader choose?

#CEXvsDEX101

⠀

🔸 What is CEX (Centralized Exchange)?

👉 Examples: Binance, Kraken, Coinbase

✅ Centralized exchange = intermediary

⠀

➕ Advantages:

🔹 Easy to use

🔹 High transaction speed

🔹 Support for fiat currencies (hryvnia, dollar)

🔹 There is support if something goes wrong

⠀

➖ Disadvantages:

⚠️ You do not control the private keys

🔐 Possible hacks

📷 Verification required (KYC)

⠀

🔸 What is DEX (Decentralized Exchange)?

👉 Examples: Uniswap, PancakeSwap, dYdX

✅ Exchange without intermediaries

⠀

➕ Advantages:

🛡️ Full control over assets

🕶️ Anonymity, no KYC

🌐 No central server

⠀

➖ Disadvantages:

🌀 More complex interface

💧 Low liquidity on some tokens

🧑‍💻 No support — you're your own technician

⠀

💭 What to choose?

✔️ CEX — if you are a beginner or working with large amounts

✔️ DEX — if you want control, anonymity, and are experimenting with DeFi

⠀

💡 Tip: Combine them!

💼 CEX — for convenience

🔓 DEX — for freedom

⠀

🧠 Main point:

Not your keys — not your crypto 🔑

⠀

#Crypto #CEXvsDEX101 #DeFi #CryptoGuide #CryptoSecurity 💰📉📈💻🧩