🔁 #CEXvsDEX101 | The Difference Between Centralized and Decentralized Exchanges

💼 CEX - Centralized Exchanges

Examples: Binance, Coinbase, Kraken

✅ Fast and easy for beginners

✅ Customer support and mobile applications

🔒 Requires Know Your Customer (KYC) and storing funds on the platform

⚠️ Assets may be frozen or the platform may be hacked

🌐 DEX - Decentralized Exchanges

Examples: Uniswap, PancakeSwap, dYdX

✅ No need for an account or verification

✅ You control your funds and wallet

🔄 Direct trading from your wallet

⚠️ Less user-friendly interfaces, may be challenging for beginners

🎯 Summary:

Want speed and support? CEX

Looking for privacy and full control? DEX

👀 Choose based on your needs and level of expertise

📌 Share your opinion: Do you prefer CEX or DEX? And why?

#Trading #Crypto #Blockchain #DeFi #Crypto101 #Digital_Currency_Education