#CEXvsDEX101 ⚔️ – Centralized vs Decentralized Exchanges Explained! 💡

**Centralized Exchanges (CEX)** like Binance act as middlemen, managing your funds and orders on their platform. They offer high liquidity, fast transactions, and user-friendly interfaces. However, you must trust the exchange with your assets, which can be a security risk if hacked. 🏦

**Decentralized Exchanges (DEX)** operate without intermediaries, letting you trade directly from your wallet using smart contracts. DEXs offer more privacy and control but usually have lower liquidity and slower transactions. They’re ideal for trading newer or less common tokens. 🔓

Choosing between CEX and DEX depends on your priorities: ease and speed (CEX) vs. privacy and control (DEX). Many traders use both depending on their needs.

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