#CEXvsDEX101 1 | Which one is more suitable for you?

In the world of crypto, many are confused between centralized exchanges (CEX) like Binance, and decentralized exchanges (DEX) like Uniswap or PancakeSwap. What is the difference, and which is better for you? 🤔

🏦 CEX = Centralized exchanges. Easy to use, provide 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 of your wallet. However, you may experience low liquidity and high network fees at times.