🔄 #CEXvsDEX101 | Which one is more suitable for you?
In the crypto world, many are confused between centralized exchanges (CEX) like Binance, and decentralized exchanges (DEX) like Uniswap or PancakeSwap. What is the difference, and which one is better for you? 🤔
🏦 CEX = Centralized exchanges. User-friendly, offer high liquidity, technical support, and the ability to use advanced orders (Limit, Stop-Loss). However, they require identity verification (KYC) and custody of assets in the platform's wallets.
🌐 DEX = Decentralized exchanges. No need for KYC, maintain your privacy and full control over your wallet. However, you may face low liquidity and high network fees at times.
💡 For example: The DOGE/USDT pair enjoys strong liquidity on Binance (CEX), while some new coins like WIF appear first on DEXs.
✅ The choice depends on your needs: looking for security and simplicity? Try CEX. Prefer decentralization and full control? DEX is your path.
Which one do you prefer? And why? 💬👇
#CryptoEducation #Binance #DeFi
