🔄 #CEXvsDEX101: Battle of the Exchanges ⚔️

In crypto, where you trade matters as much as what you trade. Two main types of exchanges dominate the scene:

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🏦 CEX – Centralized Exchange

Think Binance, Coinbase, or Kraken.

CEXs are run by companies and offer:

✅ Easy-to-use interfaces

✅ High liquidity and fast trades

✅ Customer support and fiat gateways

But...

🚫 You don’t fully control your keys

🚫 Subject to regulations and downtime

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🌐 DEX – Decentralized Exchange

Think Uniswap, PancakeSwap, or dYdX.

DEXs are peer-to-peer, running on smart contracts:

✅ You keep control of your wallet (self-custody)

✅ Permissionless and open 24/7

✅ No sign-ups — just connect and trade

But...

⚠️ Higher learning curve

⚠️ Risk of low liquidity or scam tokens

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🧠 Final Take:

Use a CEX for speed, convenience, and fiat access

Go DEX for privacy, control, and DeFi exploration

Why not use both and get the best of both worlds?

#CryptoBasics #Binance #CryptoTips #DYOR

#CEXvsDEX101