#CEXvsDEX101

🔁 #CEX vs #DEX101 – What’s the Difference? 🤔

Whether you’re trading crypto as a beginner or a pro, knowing where you trade matters!

⚖️ CEX (Centralized Exchange):

✅ Easy to use

✅ High liquidity

✅ Faster transactions

⚠️ Controlled by a company

⚠️ Requires KYC (identity verification)

Examples: Binance, Coinbase, Kraken

🔓 DEX (Decentralized Exchange):

✅ You control your funds (no middleman)

✅ Privacy-focused (no KYC)

✅ Open-source & transparent

⚠️ Lower liquidity (sometimes)

⚠️ Slightly more complex to use

Examples: Uniswap, PancakeSwap, dYdX

💡Pro Tip: Use CEX for speed and ease, and DEX for privacy and true decentralization.