#CEXvsDEX101 🔥 | What's the Difference?

Hey Binance Community! 🐝

Let’s dive into the world of crypto exchanges:

➡️ CEX (Centralized Exchange):

Managed by a company (like Binance itself).

Offers high liquidity, advanced trading tools, and customer support.

Easy-to-use interface for beginners.

Funds are held in the exchange’s custody (requires trust in the platform).

➡️ DEX (Decentralized Exchange):

No single authority—peer-to-peer trading on the blockchain.

You hold your private keys and control your funds.

Often lower liquidity but more privacy.

Typically better for experienced users who value self-custody.

💡 Which is right for you?

👉 CEX: Great for newcomers, frequent traders, and those who value speed and support.

👉 DEX: Ideal for those seeking decentralization, privacy, and full control of their assets.

#Binance #Crypto #Web3 #DeFi #CryptoEducation