#CEXvsDEX101 Centralized vs Decentralized Exchanges
Thinking of trading crypto? 🤔 Here’s a quick breakdown of CEX (Centralized Exchange) vs DEX (Decentralized Exchange):
💼 CEX (e.g., Binance, Coinbase)
✔ User-friendly & fast
✔ Fiat on-ramps
✔ Customer support
❌ You don’t control your private keys
❌ Prone to hacks or restrictions
🌐 DEX (e.g., Uniswap, PancakeSwap)
✔ You control your funds (non-custodial)
✔ Transparent, open-source protocols
✔ Anyone can list tokens
❌ Slower & steeper learning curve
❌ Limited fiat support
💡 TL;DR:
Want ease of use? → CEX
Want full control? → DEX
Which do you prefer? 🧠 Drop your thoughts below! ⬇
