#CEXvsDEX101
๐ #CEXvsDEX101
Centralized Exchange (CEX) vs. Decentralized Exchange (DEX) โ what's the difference and why does it matter?
๐ผ CEX
โ Easy to use
โ High liquidity
โ Customer support
โ You donโt own your keys
โ Risk of hacks & shutdowns
๐ ๏ธ DEX
โ You control your funds (self-custody)
โ No sign-ups or KYC
โ Transparent, open-source
โ Can be less user-friendly
โ Lower liquidity on some pairs
๐ก CEX = convenience. DEX = control.
Choose based on your priorities โ or use both strategically.
#CEXvsDEX101 #CryptoEducation #DeFi #BlockchainBasics #CryptoTrading #NotYourKeysNotYourCoins