#CEXvsDEX101 #BinanceHODLerRESOLV #MarketRebound

Herry up guys

When venturing into crypto, you'll encounter two main types of exchanges: Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs).

✅️ CEXs (e.g., Binance, Coinbase) are operated by companies, acting as intermediaries. They offer user-friendly interfaces, high liquidity, fiat-to-crypto conversions, and customer support. However, you don't control your private keys (custodial risk), KYC (Know Your Customer) is mandatory, and they can be targets for hackers

✅️ DEXs (e.g., Uniswap, PancakeSwap) facilitate direct peer-to-peer trading via smart contracts. They prioritize self-custody (you control your keys), privacy (no KYC), and offer access to new, often niche tokens. Downsides include a steeper learning curve, potentially lower liquidity, and no customer support if you make a mistake.

Which to choose?

✅️✅️ CEXs are generally better for beginners, large trades, and converting fiat to crypto.

✅️ DEXs suit those prioritizing privacy, self-custody, and early access to new tokens.