#CEXvsDEX101

🤖 CEX vs DEX 101: What is better — centralized or decentralized exchanges?

Imagine:

🔒 CEX (Centralized Exchange) — like a bank. Everything is beautiful, convenient, but… someone holds the keys to your safe.

🌀 DEX (Decentralized Exchange) — like a safe at your home. Only you have the key. But if you lose it — hello, goodbye money.

✅ Advantages of CEX:

• Convenient for both beginners and traders: charts, mobile apps, support.

• You can top up with a card/bank.

• If something happens — there is support (theoretically).

❌ Disadvantages of CEX:

• You do not own your funds. If the exchange “goes down” or blocks your account — chances are slim.

• KYC/AML — everything, like in a bank. Want freedom? Not here.

✅ Advantages of DEX:

• Complete autonomy. You are your own bank.

• Trades directly from your wallet. No intermediaries.

• Greater privacy.

❌ Disadvantages of DEX:

• Interfaces can be complex.

• No support: if you make a mistake — it's your problem.

• Difficult to withdraw to fiat.