#CEXvsDEX101: Navigating Crypto Exchanges 🚀

Centralized Exchanges (CEX) like Binance offer user-friendly interfaces, high liquidity, and fiat on/off-ramps, ideal for beginners. However, you entrust your assets to a third party (KYC required!).

Decentralized Exchanges (DEX) like Uniswap prioritize self-custody and privacy (no KYC). While empowering, they can be less intuitive with variable liquidity and network fees.

Choose wisely based on your priorities: convenience vs. control. Many users leverage both for a balanced crypto journey! Always DYOR.

#Crypto #BinanceSquare #Web3