๐๏ธ๐ CEX vs DEX โ What's the Difference?
Whether you're new to crypto or brushing up on the basics, understanding Centralized Exchanges (CEXs) vs Decentralized Exchanges (DEXs) is key to navigating the market.
Hereโs a quick breakdown:
๐น Centralized Exchange (CEX)
Examples: Binance, Coinbase, KuCoin
โ User-friendly
โ High liquidity & fast trades
โ Customer support
โ You donโt hold your private keys
โ Subject to regulations and possible shutdowns
๐ธ Decentralized Exchange (DEX)
Examples: Uniswap, PancakeSwap, dYdX
โ You control your funds
โ Permissionless โ trade directly from your wallet
โ Lower risk of centralized hacks
โ Less beginner-friendly
โ Can have lower liquidity and slower execution
๐ CEX = Convenience & Speed
๐ DEX = Control & Privacy
#CEXvsDEX101 #defi #cryptotrading #financialfreedom
