#CEXvsDEX101
🔍 #CEXvsDEX101: Centralized vs. Decentralized Exchanges – What’s the Difference?
CEX (Centralized Exchange)
✅ Pros: Fast trades, high liquidity, user-friendly (e.g., Binance, Coinbase).
❌ Cons: Custodial (you don’t own keys!), KYC required, hacking risks.
DEX (Decentralized Exchange)
✅ Pros: Non-custodial (you control funds!), no KYC, transparent (e.g., Uniswap, PancakeSwap).
❌ Cons: Slower, lower liquidity, complex for beginners.
Which to choose?
• CEX for ease + speed.
• DEX for privacy + full asset control.
Thoughts? Tag your favorite exchange! 👇