#CEXvsDEX101

🏛️ #CEXvsDEX101 – Centralized vs Decentralized Exchanges 🔁

Not sure whether to use a CEX or DEX? Here's a breakdown to guide you:

🔹 CEX (Centralized Exchange)

✔️ Fast transactions

✔️ High liquidity

✔️ User-friendly

⚠️ Requires KYC & trusts third-party to hold funds

👉 Examples: Binance, Coinbase, Kraken

🔹 DEX (Decentralized Exchange)

✔️ Full custody of your crypto

✔️ No KYC (usually)

✔️ Permissionless and open-source

⚠️ Slower, lower liquidity, more complex

👉 Examples: Uniswap, PancakeSwap, dYdX

💡 Choose CEX for ease, DEX for freedom.

Where do YOU trade?

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