#CEXvsDEX101 Crypto Trading Deep Dive | Topic 2: #CEXvsDEX101
One of the most crucial choices for any crypto trader is deciding between CEX (Centralized Exchange) and DEX (Decentralized Exchange). It’s not just about where to trade—it’s about how much control, risk, and flexibility you’re willing to manage.
Here’s how I break it down:
⚖️ CEX (Binance, Coinbase, etc.):
✅ User-friendly, ideal for beginners
✅ High liquidity = fast trades
✅ Strong customer support
🚨 But… your keys are not your keys (custodial risk)
🔐 DEX (Uniswap, PancakeSwap, etc.):
✅ Full control of your assets (non-custodial)
✅ No KYC, more privacy
✅ Often access to new/early-stage tokens
🚨 But… can be complex, higher risk of error, lower liquidity
📌 My approach?
I use CEX for day-to-day trading, stability, and fiat on-ramps.
I switch to DEX when I want early access to tokens or to keep full control over my wallet—especially for long-term holds or test projects.
💡 Pro Tip for DEX Newbies:
Triple-check token contracts (avoid fake listings)
Keep gas fees in mind
Always start with a small test transaction
🤝 Ultimately, it’s not about one vs. the other—it’s about using the right tool for the right moment.
Let’s keep the discussion going—drop your own tips, preferences, and red flags.
🗣️ What’s your strategy when choosing between a CEX and a DEX?
