#CEXvsDEX101 Learn_Blocked

Are you new to the crypto world and hear a lot about CEX and DEX?

Here’s a brief comparison 👇

🔵 Centralized Exchanges (CEX) – like Binance

✔️ A trusted intermediary that facilitates trading.

✔️ Features:

User-friendly interface for beginners

Fast execution of trades

Live technical support

High liquidity

Trading cryptocurrencies against fiat (like BTC/USDT)

⚠️ Challenges:

Requires KYC (Know Your Customer)

The platform temporarily manages your funds

🟣 Decentralized Exchanges (DEX) – like PancakeSwap / Uniswap

✔️ Operates on the blockchain without an intermediary.

✔️ Features:

Full control over your funds

No need for KYC

Resistant to censorship

⚠️ Challenges:

Less user-friendly interfaces

Self-responsibility for protecting your wallet

Gas fees can be high

Liquidity can be limited at times

💡 Summary for beginners:

Start with CEX to gain experience safely and easily, and gradually transition to using DEX when you are ready to manage your keys and wallet.

Learn, experiment, and only invest what you can afford to lose.

🔔 Disclaimer: This post is not investment advice. Always conduct your own research before making any financial decisions.