#CEXvsDEX101 🌐 CEX vs DEX: My Take on Crypto Trading Platforms #CEXvsDEX101Centralized Exchanges (CEXs) like Binance offer high liquidity, fast transactions, and user-friendly interfaces—perfect for beginners. However, they require trust in the platform, and security risks like hacks can be a concern. On the other hand, Decentralized Exchanges (DEXs) like Uniswap provide more control over your funds with no middleman, enhancing privacy and security. But they often have lower liquidity and can be tricky for new users due to complex interfaces.
I prefer CEXs for quick trades and DEXs for privacy-focused transactions. My advice for DEX newbies: start small, double-check wallet connections, and be cautious of high gas fees. What’s your go-to exchange type?
