🔍 Crypto Trading Fundamentals Deep Dive: #CEXvsDEX101

Choosing between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX) is more than just a preference—it’s a strategic decision.

👉 CEX Pros:

• User-friendly interfaces

• High liquidity and faster trades

• Fiat on/off ramps

• Great for beginners

⚠️ CEX Cons:

• Custodial risk (not your keys, not your crypto)

• KYC requirements

• Vulnerable to hacks and restrictions

🌀 DEX Pros:

• Full control over your assets

• Permissionless access

• Wider range of tokens, especially in DeFi

• No KYC needed

⚠️ DEX Cons:

• Slower transactions

• Higher gas fees

• Lower liquidity for some tokens

• Complex for newcomers

🧠 My approach:

I use CEXs for speed, convenience, and trading major coins. I turn to DEXs for privacy, early DeFi projects, and when I want full custody of my assets.

🛡️ Advice for DEX first-timers:

• Start small and double-check everything

• Use trusted wallets like MetaMask or Rabby

• Be mindful of gas fees and slippage

• Always verify token contracts

• Don’t rush—DYOR (Do Your Own Research)!

📌 Bottom line: Understand the trade-offs. The right exchange depends on your goals, risk tolerance, and level of experience.

#CEXvsDEX101