#CEXvsDEX101 CEX vs. DEX Explained!

Crypto trading? Choose your exchange wisely! 🚀 Here’s the lowdown on Centralized (CEX) vs. Decentralized (DEX) exchanges for #CEXVsDEX101:

CEX (e.g., Binance, Coinbase)🏦

✅ Easy to use, great for beginners

✅ High liquidity, fast trades

✅ Fiat-to-crypto options

✅ Advanced tools (spot, futures)

❌ KYC required, platform holds funds

❌ Hack risks

DEX (e.g., Uniswap, PancakeSwap) 🌐

✅ You control funds (non-custodial)

✅ No KYC, privacy-focused

✅ Access new tokens early

❌ Steeper learning curve

❌ Gas fees, lower liquidity