#CEXvsDEX101 CEX vs DEX: Which exchange to choose? #CEXvsDEX101

CEX and DEX are two approaches to cryptocurrency trading. Let's analyze what is better for you.

CEX: simple and reliable Centralized exchanges, like Binance, are convenient for beginners. Simple interface, high liquidity, and fiat support (USD, EUR) via cards or transfers. Binance processes $14 billion in trades daily. Downsides: KYC reduces anonymity, assets are stored on the exchange, and there is a risk of hacks. Fees are around 0.1%.

DEX: freedom and control Decentralized exchanges (Uniswap, PancakeSwap) operate on the blockchain. You trade from your wallet, keeping your keys and anonymity. DEX provides access to new tokens, like $TRUMP on Raydium, earlier than CEX. Fees are lower (0.05–0.3%), but gas can be expensive. Downsides: complex interface, less liquidity.

Conclusion CEX is for convenience and large transactions, DEX is for anonymity and DeFi. Try both! #CEXvsDEX101

Disclaimer: This is not financial advice. Understand the risks.