šļø #CEXvsDEX101: Know Where You Trade
In crypto, where you trade is just as important as what you trade. Hereās a quick guide to the difference between centralized exchanges (CEXs) and decentralized exchanges (DEXs).
š¹ CEX (Centralized Exchange)
Platforms like Binance or Coinbase.
ā Easy to use
ā High liquidity
ā Customer support
ā Requires KYC
ā You donāt control your keys
š¹ DEX (Decentralized Exchange)
Platforms like Uniswap or PancakeSwap.
ā No middleman
ā You control your wallet
ā Access to early tokens
ā Higher learning curve
ā Sometimes lower liquidity
Choose CEX for convenience. Go DEX for control. The best traders know when to use both.