#CEXvsDEX101
š§ #CEXvsDEX101 ā Whatās the Difference? š
Not sure whether to use a CEX (Centralized Exchange) or a DEX (Decentralized Exchange)? š¤ Here's a quick breakdown:
š CEX (Centralized Exchange):
ā User-friendly
ā High liquidity
ā Fast transactions
ā You donāt control your keys (Not your keys, not your crypto)
š DEX (Decentralized Exchange):
ā You control your wallet and funds
ā No KYC (in most cases)
ā Greater privacy
ā Can have lower liquidity & slower speeds
š” TL;DR:
Choose CEX for convenience and speed
Choose DEX for privacy and full control
š Tip: Try both to understand what suits your trading style!
š Which one do YOU prefer and why? Drop your thoughts in the comments!
ā¤ļø Like, š Share, and š¬ Comment to join the debate!