#CEXvsDEX101
CEX vs DEX: Which is Better? 🤔
In the world of digital trading, there are two main types of exchanges: centralized (CEX) and decentralized (DEX).
Centralized Exchange (CEX) like Binance, Coinbase
✅ Advantages:
- Speed and ease of use.
- High liquidity and diverse trading pairs.
- Support for fiat currencies.
❌ Disadvantages:
- Requires identity verification (KYC).
- Risks of hacking or freezing funds.
Decentralized Exchange (DEX) like Uniswap, PancakeSwap
✅ Advantages:
- Does not require identity (higher privacy).
- Full control over your funds (no intermediary).
- Resistant to censorship.
❌ Disadvantages:
- Less user-friendly interface for beginners.
- Limited liquidity for some currencies.
Conclusion:
- Choose CEX if you want speed and ease.
- Choose DEX if you want security and decentralization.
