šŸ›ļø #CEXvsDEX101: Know Where You Trade

In crypto, where you trade is just as important as what you trade. Here’s a quick guide to the difference between centralized exchanges (CEXs) and decentralized exchanges (DEXs).

šŸ”¹ CEX (Centralized Exchange)

Platforms like Binance or Coinbase.

āœ… Easy to use

āœ… High liquidity

āœ… Customer support

āŒ Requires KYC

āŒ You don’t control your keys

šŸ”¹ DEX (Decentralized Exchange)

Platforms like Uniswap or PancakeSwap.

āœ… No middleman

āœ… You control your wallet

āœ… Access to early tokens

āŒ Higher learning curve

āŒ Sometimes lower liquidity

Choose CEX for convenience. Go DEX for control. The best traders know when to use both.

#CEXvsDEX101