#CEXvsDEX101

Navigating the crypto landscape? Let's break down #CEXvsDEX101! Centralized Exchanges (CEXs) like Binance or Coinbase offer user-friendly interfaces, fiat on-ramps, and customer support. They act as intermediaries, holding your funds. Think of them as traditional banks for crypto.

Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap prioritize autonomy. You connect your own wallet and trade directly with others. DEXs offer greater transparency and control but can have steeper learning curves and potential gas fees.

Choosing between a CEX and DEX depends on your priorities: convenience vs. control. Which do you prefer and why? Let's discuss! #DeFi #CryptoExchanges #Decentralization #Trading