#CEXvsDEX101
đ #CEXvsDEX101 â Which One Do I Trust More as a Trader?
After trading both on CEXs (like Binance) and DEXs (like Uniswap), I've realized that each serves a different purpose. I use CEXs when I need high liquidity, fast execution, and strong customer support. For example, during a volatile market, I once avoided major slippage by trading BTC on a centralized exchange. However, I always worry about hacks and centralized control.
On the other hand, DEXs give me true ownership of my assets and full control over my keys. I use them when I'm trading smaller altcoins or want anonymity. But, I've faced high gas fees and complex interfaces.
đ My advice to beginners: Start with a trusted CEX for ease, then slowly explore DEXs with caution. Always double-check contract addresses!
Choosing between the two depends on your goals. I prefer CEXs for speed and support, DEXs for privacy and control.
Trade wisely. Stay secure.?