#CEXvsDEX101 $BTC

#CEXvsDEX101: Understand the difference between centralized exchanges (CEX) and decentralized exchanges (DEX)!

CEX: Centralized platforms that manage transactions and store users' assets. Examples: Binance, Coinbase.

DEX: Decentralized platforms that allow peer-to-peer transactions without intermediaries. Examples: Uniswap, PancakeSwap.

Advantages of DEX: higher security, transparency, and control over assets. Disadvantages: limited liquidity and complex interfaces.

CEX is easier to use, but DEX offers more control and security. What is your preference? 🤔 #cryptocurrencies #blockchain #CEXvsDEX