๐ #CEXvsDEX101๐ฅ 101 โ What's the Difference Between CEX and DEX?
When it comes to crypto trading, you have two main options:
Centralized Exchanges (CEX) and Decentralized Exchanges (DEX).
Letโs break it down:
โ๏ธ CEX (Centralized Exchange):
Fast and easy to use
High liquidity (more buyers and sellers)
Great for beginners
๐จ But: You trust a third party with your funds and data
๐ DEX (Decentralized Exchange):
You keep full control of your crypto
More private and secure
No middleman โ peer-to-peer trading
โ ๏ธ But: May have low liquidity, slower speed, and need more technical knowledge
๐ญ Which one is better?
CEX = convenience and speed
DEX = privacy and self-control
Some traders use both, depending on their needs.
In the future, we may see hybrid exchanges that give the best of both worlds!
๐ What do you prefer โ CEX or DEX? And why?
Let us know in the comments!
#BTC
