#CEXvsDEX101

Centralized Exchanges (CEXs) provide high liquidity, user-friendly interfaces, and customer support, but they hold your funds, making them potential targets for hacks or shutdowns. On the other hand, Decentralized Exchanges (DEXs) let you control your assets directly and preserve your privacy, though they might be harder to use and offer lower liquidity. Personally, I go with CEXs for bigger trades that need fast execution, while I opt for DEXs when I want privacy or self-custody. When picking between the two, I consider things like security, trade size, and convenience. If you’re new to DEXs, start small, double-check every transaction, and stick to reputable platforms. Balancing both options helps manage risk while trading wisely.