đ¨đđĽ #CEXvsDEX101 breaks down the essential differences between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). CEXs, such as Binance or Coinbase, are run by companies that manage user accounts, offer fast trades, high liquidity, and customer support but require users to trust a third party with their funds and personal data.
DEXs, like Uniswap or PancakeSwap, operate without intermediaries, allowing users to trade directly from their wallets, maintaining privacy and full control of assets. However, they often have lower liquidity, slower trade execution, and may require more technical knowledge. The choice between a CEX and a DEX depends on your needs: ease of use and speed vs. privacy and autonomy. Understanding both is key to navigating the crypto space safely and effectively.
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