#CEXvsDEX101 New to crypto and confused between Centralized and Decentralized Exchanges? Let's break it down! ⬇️
🔸 CEX (Centralized Exchange)
✅ Easy to use
✅ High liquidity
✅ Customer support
❗ Requires trust in a third party
❗ Custodial — you don’t control your private keys
🔸 DEX (Decentralized Exchange)
✅ You control your funds (non-custodial)
✅ Enhanced privacy
✅ Open and permissionless
❗ Lower liquidity
❗ User must manage wallets and keys
🚨 Key takeaway:
Choose CEX for convenience.
Choose DEX for full control.
