#CEXvsDEX101

📢 #CEXvsDEX101 – Know the Difference! 🤔🔄

Understanding the difference between Centralized (CEX) and Decentralized Exchanges (DEX) is crucial for every crypto trader. Here's a simple breakdown:

📌 Centralized Exchange (CEX):

✅ Managed by a company (e.g., Binance)

✅ Easy to use & beginner-friendly

✅ Higher liquidity & faster transactions

❌ You don’t fully control your funds (custodial)

📌 Decentralized Exchange (DEX):

✅ No central authority – peer-to-peer trading

✅ You control your own funds (non-custodial)

✅ More privacy & fewer KYC requirements

❌ Can be complex and have lower liquidity

🔐 Your keys, your crypto applies to DEXes.

🏦 Ease and support often come with CEXes.

Which one do you prefer and why? 🤔

Let’s talk in the comments! 👇

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