#CEXvsDEX101

#CEXvsDEX101 Centralized Exchanges (CEXs) like Binance offer user-friendly interfaces, high liquidity, and fiat on-ramps, making them ideal for beginners. However, they are custodial, meaning you don't control your private keys, posing a risk if the exchange is hacked or fails. CEXs also require KYC, compromising privacy.

Decentralized Exchanges (DEXs) such as

BMP BTC DEXS