#CEXvsDEX101 = Which One to Choose? 🤔💱
🔒 CEX (Centralized Exchange)
➡️ Managed by a third party (e.g., Binance, Coinbase)
➡️ User-friendly, fast, suitable for beginners
➡️ But... you don't hold the private key. Risk of centralization.
🌀 DEX (Decentralized Exchange)
➡️ Trading directly via smart contract (e.g., Uniswap, PancakeSwap)
➡️ You have full control over your assets
➡️ But... requires more understanding & gas fees can be high
🔍 In short:
CEX = Practical & fast
DEX = Safe & independent
Choose according to your needs and comfort.
Profit is important, but security is more important.