#CEXvsDEX101 #CEXvsDEX101
Centralized Exchanges (CEXs) like Binance offer high liquidity, fast transactions, and user-friendly interfaces, making them ideal for beginners and high-volume traders. However, they require trust in the platform, posing risks like hacks or fund freezes. Decentralized Exchanges (DEXs) like Uniswap provide greater control via self-custody and transparency through blockchain, but they often have lower liquidity and complex interfaces. I prefer CEXs for quick trades and DEXs for privacy-focused or niche token swaps. When choosing, consider security, fees, and token availability. For DEX newbies, start small, double-check wallet connections, and beware of high gas fees!
