#CEXvsDEX101: What to Expect from Centralized and Decentralized Exchanges

Choosing between CEX and DEX? Here’s a brief overview! #CEXvsDEX101

CEX (Centralized Exchanges, e.g., Binance)

Pros: Ease of use, high liquidity, fiat support, quick registration.

Cons: Third-party control, risk of hacks, KYC/AML requirements.

For whom: Beginners and those who value convenience.

DEX (Decentralized Exchanges, e.g., Uniswap)

Pros: Full control over funds, anonymity, decentralization.

Cons: Complexity of interface, lower liquidity, high fees (gas).

For whom: Blockchain enthusiasts and those who value independence.

Conclusion: CEX is for speed and simplicity, DEX is for freedom and security. The choice depends on your skills and priorities. Share your opinion.