๐ŸŒ DeFi vs CeFi โ€“ Whatโ€™s the Difference? ๐Ÿค”๐Ÿ’ก

๐Ÿ”น CeFi (Centralized Finance) = Platforms like Binance, Coinbase.

๐Ÿ‘‰ You trust the company to hold your funds & manage everything.

๐Ÿ”น DeFi (Decentralized Finance) = Platforms like Uniswap, Aave.

๐Ÿ‘‰ No middleman. Just smart contracts & YOU control your wallet.

โšก๏ธ Quick Example:

CeFi = Like a bank ๐Ÿฆ

DeFi = Like carrying cash in your own wallet ๐Ÿ”‘

Both have pros & cons.

๐Ÿ‘‰ CeFi = easier, safer for beginners.

๐Ÿ‘‰ DeFi = full control, but higher responsibility.

Which one do YOU prefer? ๐Ÿš€