#CEXvsDEX101

In my experience, both Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) have their pros and cons:

Pros of CEX:

High liquidity and fast transactions

User-friendly interfaces and customer support

Advanced features like margin trading, futures, and staking

Cons of CEX:

You don’t control your private keys (custodial risk)

Risk of hacks or exchange shutdowns

Withdrawals can sometimes be slow

Pros of DEX:

You have full control over your funds (non-custodial)

More privacy and resistance to censorship

Access to a wider range of tokens, including new projects

Cons of DEX:

Lower liquidity can cause price slippage

Transactions depend on blockchain speed and fees

Interface and process can be complex for beginners