#CEXvsDEX101 🔍 CEX vs DEX – Should you choose a centralized or decentralized exchange?

When you first enter the market, you will hear two concepts: CEX (Centralized Exchange) and DEX (Decentralized Exchange). But what are the differences?

🔸 CEX like Binance, OKX – easy to use, high liquidity, with customer support. But you have to KYC and “trust” the exchange.

🔹 DEX like Uniswap, PancakeSwap – no KYC needed, you keep your own wallet. More freedom, but higher risk if you don’t know how to operate it correctly.

⚠️ Newcomers should start with CEX to get familiar with the market and avoid losing their wallets. After that, you can try DEX when you have a clear understanding.

👉 Are you using CEX or DEX more?

📌 Follow me to read the next article: “5 deadly mistakes when using DEX for the first time.”