#CEXvsDEX101🔥

⚖️ #CEXvsDEX101: What’s the Difference? ⚖️

🏛️ CEX (Centralized Exchange) — e.g., Binance

✅ User-friendly interface

✅ High liquidity & fast trades

✅ Customer support

⚠️ Requires KYC

⚠️ You don’t control your keys ("Not your keys, not your crypto")

🌐 DEX (Decentralized Exchange) — e.g., Uniswap, PancakeSwap

✅ No middleman

✅ You control your private keys

✅ Usually no KYC

⚠️ Slower trades & higher fees on some chains

⚠️ Lower liquidity on rare tokens

🔑 Key Insight:

CEX = Convenience & speed

DEX = Privacy & control

🧠 Pro Tip:

Use CEXs for ease, DEXs for DeFi access. Many smart traders use both, depending on the situation.