#CEXvsDEX101

When I first started trading, I relied entirely on centralized exchanges (CEXs) like Binance for their ease of use ✅, customer support 💬, and high liquidity 💧. Over time, I began exploring decentralized exchanges (DEXs) for the control they offer over assets 🔐 and the transparency of on-chain trading 🔎.

CEXs are great for beginners because they offer:

✅ Fiat gateways

✅ Faster execution

✅ Advanced trading tools 📈

But DEXs, such as Uniswap or PancakeSwap, give users:

✅ Full custody of their crypto

✅ No need to trust a third party

⚠️ Higher slippage

⚠️ Lower liquidity

⚠️ More complex UI

Personally, I use CEXs for active trading 🔄 and DEXs for accessing new tokens early 🚀. Diversifying between both has improved my flexibility and reduced platform risk 🛡️.

Which one do you prefer and why? 🤔