CEX vs DEX 101 🐞
Confused about the difference between Centralized and Decentralized Exchanges? Let’s break it down 👇
🪖CEX (Centralized Exchange)
👉🏼Easy to use (great for beginners)
👉🏼High liquidity
❌ You don’t control your keys
❌ Vulnerable to hacks & outages
👉 Examples: Binance, Coinbase
🪖DEX (Decentralized Exchange)
👉🏼You own your keys (non-custodial)
👉🏼Permissionless & transparent
❌ Can be complex for new users
❌ Lower liquidity on some tokens
👉 Examples: Uniswap, PancakeSwap
🔄 TL;DR:
CEX = Convenience & speed
DEX = Control & transparency
🧠 Choose based on your needs, risk tolerance & experience.