๐ DeFi vs CeFi โ Whatโs the Difference? ๐ค๐ก
๐น CeFi (Centralized Finance) = Platforms like Binance, Coinbase.
๐ You trust the company to hold your funds & manage everything.
๐น DeFi (Decentralized Finance) = Platforms like Uniswap, Aave.
๐ No middleman. Just smart contracts & YOU control your wallet.
โก๏ธ Quick Example:
CeFi = Like a bank ๐ฆ
DeFi = Like carrying cash in your own wallet ๐
Both have pros & cons.
๐ CeFi = easier, safer for beginners.
๐ DeFi = full control, but higher responsibility.
Which one do YOU prefer? ๐