#CEXvsDEX101 #CEXvsDEX101

✅ Advantages:

Ease of use: Easy interface for beginners.

High liquidity: Quick order execution.

Customer support: There is a customer service to help.

Possibility of deposit in local currencies: Such as dollar or euro.

❌ 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.

---

🌐 Decentralized Platforms (DEX):

Such as: Uniswap, PancakeSwap, dYdX

✅ Advantages:

No registration: No account or proof of identity required.

Full control over your funds: Your private keys remain with you.

Greater security and privacy: The platform does not control your funds.