🔄 #CEXvsDEX101 – Centralized or Decentralized: Which Exchange Works for You?

Choosing the right exchange is more than just convenience—it shapes your trading journey. Here's what you need to know:

🔹 CEX (Centralized Exchange)

✅ Easy to use, high liquidity, fiat support

⚠️ Custodial wallets, KYC required, central points of failure

🔹 DEX (Decentralized Exchange)

✅ You control your funds, anonymous, censorship-resistant

⚠️ Steeper learning curve, lower liquidity, no fiat

💡 My Approach:

I use CEXs (like Binance) for quick trades, high liquidity, and fiat on/off ramps.

But I switch to DEXs when I want more privacy or to trade rare tokens directly from my wallet.

🔐 New to DEXs?
→ Double-check contract addresses
→ Use trusted wallets like MetaMask
→ Beware of fake tokens and slippage
→ Never share your seed phrase

✨Your exchange choice = your strategy.

#CryptoTrading #Binance #CryptoSecurity #DYOR #CryptoFundamentals