#CEXvsDEX101 📊: Understand Centralized and Decentralized Exchanges!

🚀New to the crypto world? Learn the difference between CEX and DEX!

👇CEX (Centralized Exchange)

• Ex.: #Binance 💸

✅ Easy to use, ideal for beginners.

✅ High liquidity, quick trades.

✅ Customer support and fiat-crypto conversion.

⚠️ Requires KYC and the exchange holds your funds.

DEX (Decentralized Exchange)

• Ex.: Uniswap 🦄

✅ Full control: your funds, your wallet.

✅ Privacy: no KYC.

✅ Perfect for DeFi tokens.

⚠️ Less intuitive, gas fees may vary. Which to choose?

👉 CEX for convenience and volume.

👉 DEX for freedom and privacy.

⚠️ Caution: study and never invest what you can't afford to lose!

Which do you prefer? Comment! 💬

#CEXvsDEX101 #Crypto #Binance #DeFi