When you start your journey in the world of crypto, you must have heard about two types of platforms: CEX and DEX. So, what’s the difference between them? 🤔
CEX (Centralized Exchanges) like Binance and Coinbase provide easy interfaces and high execution speed, but they control your private keys, which means you don’t have full control over your assets.
On the other hand, DEX (Decentralized Exchanges) like Uniswap and PancakeSwap give you complete control over your funds through private wallets and allow direct trading between users without an intermediary.
But each type has its advantages and disadvantages. CEX offers liquidity and customer service, while DEX provides greater privacy and security against freezing and confiscation.
Choose the platform that suits your strategy and needs.
#CEXvsDEX101
Do you prefer centralized or decentralized platforms? And why? Share your opinion 💬
