#CEXvsDEX101
📲 CEX (Centralized Exchange)
CEX is like a bank that speaks crypto.
You give it your money, it gives you slick charts, fast trades, and customer support that says, “Sir, please calm down.”
– Pros: Fast, friendly, feels like home
– Cons: Gotta show ID like you’re buying fireworks 🎆
🧙♂️ DEX (Decentralized Exchange)
DEX is like a wizard’s marketplace.
No ID, no rules, just vibes. You show up with your wallet and do spells (trades).
– Pros: You’re the boss
– Cons: If you lose your seed phrase, even Gandalf can’t save you 😬
🤔 So…CEX or DEX?
CEX = Convenience 👨💼
DEX = Degenerate Libertarian Freedom Fighter 🦇🔊
Binance says: Why not both? 😎