**📢 #CEXvsDEX101: What is the difference? 🧐**
Do you know what distinguishes a **Centralized Exchange (CEX)** like #Binance from a **Decentralized Exchange (DEX)** like Uniswap? Let me explain in 1 minute! ⏱️
🔵 **CEX (Ex: Binance, Coinbase)**
✅ **Advantages:**
- Speed and ease of use.
- High liquidity (more trading pairs).
- Customer support.
- FIAT options (deposits in USD, EUR, etc.).
❌ **Disadvantages:**
- Custody of your funds (you need to trust the exchange).
- KYC/AML (identity verification).
🟢 **DEX (Ex: Uniswap, PancakeSwap)**
✅ **Advantages:**
- No intermediaries (you control your keys).
- Anonymity (does not always require KYC).
- Access to new tokens before they are available on CEX.
❌ **Disadvantages:**
- Lower liquidity in some pairs.
- High fees (gas fees on Ethereum).
- Steeper learning curve.
**Which one do I use?** It depends on my needs:
- If I seek **ease and liquidity**: #Binance (CEX).
- If I prioritize **privacy and control**: DEX + cold wallet.
What do you prefer? Share your opinion! 👇 #CryptoEducation #Blockchain
