📚 #CEXvsDEX101 – Understand the difference

💼 CEX = Centralized Exchange

🔑 Example: Binance, Coinbase

✅ + Easy to use

✅ + High liquidity

❌ Less privacy

❌ You do not hold your keys

🔐 DEX = Decentralized Exchange

🔑 Example: Uniswap, PancakeSwap

✅ + Total control of your funds

✅ + Transparency of transactions

❌ Less intuitive

❌ Less volume on certain pairs

🎯 In summary

– Beginner? Start on a CEX

– Experienced? Explore DEX

– Ideal: master both to benefit from the best of both worlds

#CryptoEducation #BinanceSquare #DeFi #CEX #DEX #CryptoBeginner #Trading101