Centralized vs Decentralized Exchanges ๐๐
Choosing where to trade matters. Here's a quick breakdown of CEX and DEX so you can decide what suits you best:
๐น CEX โ Centralized Exchange (e.g., Binance, Coinbase)
These are run by companies. You create an account, deposit funds, and the platform handles your trades.
โ Easy to use
โ High liquidity
โ Customer support
โ ๏ธ You donโt control your private keys
โ ๏ธ Subject to KYC & regulations
๐ธ DEX โ Decentralized Exchange (e.g., Uniswap, PancakeSwap)
No middlemen. You connect your wallet and trade directly on the blockchain.
โ You control your funds
โ No KYC required
โ Permissionless access
โ ๏ธ Slower transactions & less liquidity
โ ๏ธ Higher learning curve
๐ TL;DR:
CEX = Convenience & speed
DEX = Freedom & control
