#CEXvsDEX101 Centralized Exchange (CEX) such as Binance is a trading platform operated by a company, providing security, high liquidity, and a user-friendly interface. You need KYC and your assets are stored on the platform.
On the other hand, Decentralized Exchange (DEX) like Uniswap allows direct trading between wallets without intermediaries. You have full control over your assets and your private key.
CEX is suitable for beginners and active trading, while DEX is preferred by users who prioritize privacy and decentralization.
Choose according to your needs and risk profile. Or, strategically leverage both!
