#CEXvsDEX101
✅ Advantages:
Ease of use: User-friendly interface for beginners.
High liquidity: Quick order execution.
Customer support: There is a customer service to assist.
Ability to deposit in local currencies: Such as dollars or euros.
❌ Disadvantages:
Requires registration: KYC (Proof of identity).
Storage of coins on the platform: Means you do not own your private keys.
Risk of hacks: Many platforms have been historically hacked.
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🌐 Decentralized Platforms (DEX):
Such as: Uniswap, PancakeSwap, dYdX
✅ Advantages:
No registration: No account or identity proof required.
Total control over your funds: Private keys remain with you.
Greater security and privacy: The platform does not control your funds.
