#CEXvsDEX101 it's worth thinking about!!! 🤔 about the expression "In the crypto world, there are constant debates: CEX or DEX? Centralized exchanges (CEX), such as Binance or Coinbase, offer convenience, high liquidity, and customer support. They are suitable for beginners and those who value stability. However, you have to pay for this — not only in fees but also in trust to a third party that controls your funds.
On the other hand, decentralized exchanges (DEX), such as Uniswap or dYdX, give the user complete control over their assets. They operate on smart contracts, without intermediaries, but require more understanding and don’t always have sufficient liquidity.
The choice depends on your priorities: control and privacy or convenience and speed?
#CEXvsDEX101"