#CEXvsDEX101
Today Binance highlighted the difference between CEX and DEX in its daily tweet.
💡 CEX (Centralized Exchange):
A platform where trading is controlled by a company, like Binance itself.
🔓 DEX (Decentralized Exchange):
A platform that operates without any central control, like Uniswap or PancakeSwap.
📊 CEX offers an easy user interface, fast trades
🔐 DEX offers complete control, more privacy
It is important for people to know which model suits their needs.
What do you use? CEX or DEX? And why?
Let us know in the comments below👇
