#CEXvsDEX101
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๐ CEX vs DEX: Which one is better? ๐
Letโs break down the key differences between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX)!
๐ผ CEX (e.g., Binance, Coinbase)
โ๏ธ User-friendly interface
โ๏ธ Fast transactions
โ ๏ธ Requires KYC & funds are held by the exchange
๐ DEX (e.g., Uniswap, PancakeSwap)
โ๏ธ More privacy
โ๏ธ Full control over your own funds
โ ๏ธ Can be slower & a bit technical for beginners
๐ Which one do you prefer? Let us know in the comments!
#CEXvsDEX101 #CryptoBasics #DeFi #CryptoEducation
