#CEXvsDEX101

⚔️ #CEXvsDEX101 – Where do you make your crypto transactions: at the bank or in the wild? 🏦🌐

You have two options when you want to buy/sell crypto:

👉 CEX (Centralized Exchange)

👉 DEX (Decentralized Exchange)

💡 Here are the differences in brief:

🔵 CEX – Centralized Exchange

Ex: Binance, Coinbase, Kraken

✅ Easy to use

✅ High liquidity

✅ Support for fiat (EUR, USD)

⚠️ Funds are managed by the platform

⚠️ KYC (you need to verify your identity)

⚠️ Risk if the platform is hacked or blocked

🟣 DEX – Decentralized Exchange

Ex: Uniswap, PancakeSwap, dYdX

✅ No KYC

✅ Full control over funds (you own the keys)

✅ Anyone can list tokens

⚠️ Requires a wallet (e.g., MetaMask)

⚠️ Beware of scam tokens and slippage

⚠️ More complex for beginners

🧠 In short:

🔒 CEX = convenience + custody

🔓 DEX = freedom + responsibility

👉 Where do you prefer to trade?

#CEXvsDEX101 #CryptoBasics #CryptoEducation #DEX #CEX #Uniswap #Binance #NotYourKeysNotYourCoins #DeFi #CryptoRomania #DYOR #Web3