Its Sounds Like V/s 🚨🚨🚨🚨
💻
Let's Have a look 👀
Navigating Centralized vs Decentralized Exchanges
🎥📨💹🫰🏻
CEXs are incredibly user-friendly. They’re great for beginners with easy sign-ups, simple interfaces, and fast fiat on-ramps. You also get higher liquidity, quick trade execution, and access to customer support if something goes wrong. Many offer advanced features like margin trading and stop-loss orders.
But CEXs come with downsides. You don’t actually control your crypto—your keys are held by the exchange. That means you’re trusting a third party. There’s also the risk of hacks, regulatory crackdowns, and potential withdrawal freezes.
DEXs, on the other hand, give you full control. You keep your keys, trade directly from your wallet, and don’t need to complete KYC on many platforms. They offer access to newer tokens and complete on-chain transparency.