📢 #CEXvsDEX101

Learn the difference between centralized and decentralized platforms!

In the world of cryptocurrencies, it is important to distinguish between centralized exchanges (CEX) and decentralized exchanges (DEX). Centralized platforms like Binance and Coinbase are managed by companies that act as intermediaries between buyers and sellers, providing high liquidity and fast trade execution, but they require identity verification (KYC) and store assets within the platform, which may expose users to hacking or freezing risks.

On the other hand, decentralized platforms like Uniswap and PancakeSwap rely on smart contracts and do not require an intermediary, giving users full control over their funds and privacy. However, they may suffer from lower liquidity and high gas fees on certain networks.

The choice between CEX and DEX depends on your needs: do you prefer security and control, or speed and convenience? Share your opinion