#CEXvsDEX101

🔄 When we talk about trading, an important question always arises: What is the difference between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX)? 👇

📌 Centralized exchanges (CEX) like Binance and KuCoin provide high liquidity and fast execution, but the downside is that they hold your private keys, meaning your funds are at risk if the exchange is hacked.

📌 Decentralized exchanges (DEX) like Uniswap and PancakeSwap allow you to have full control over your funds through your private wallet. However, in return, they may be less liquid and slower in executing orders.

✨ Choosing the best one depends on your goals:

Do you want speed and convenience? CEX is suitable.

Do you prefer security and privacy? DEX is a better option.

Personally, I use both as needed, but I always make sure to withdraw my profits to my private wallet. 🛡️