#CEXvsDEX101

#CEXvsDEX101

Centralized Exchanges (CEX) like Binance offer speed, high liquidity, and user-friendly interfaces—but you give up custody of your crypto. Decentralized Exchanges (DEX) like Uniswap give you full control and privacy, but may have lower liquidity and slower trades. CEXs are ideal for beginners; DEXs attract DeFi enthusiasts. Security risks differ: CEXs can be hacked, DEXs depend on smart contract integrity. Trading Ethereum (ETH) on a DEX supports decentralization, while Ripple (XRP) typically trades on CEXs due to its design. Choose based on your priorities: convenience or sovereignty. Both have their place in a smart trading strategy.$XRP $BNB