#CEXvsDEX101 Centralized vs. Decentralized Exchanges ๐Ÿš€

Choosing between a *CEX (Centralized Exchange)* and a *DEX (Decentralized Exchange)* is key in the world of cryptocurrencies. Both offer unique advantages depending on the user's strategy and experience.

๐Ÿ“Œ *CEX (Centralized Exchange)*

โœ… High *liquidity* and fast execution.

โœ… User support and advanced tools.

โœ… Less complexity in operations.

โŒ You depend on third parties to custody funds.

โŒ Possible regulatory restrictions.

๐Ÿ“Œ *DEX (Decentralized Exchange)*

โœ… Greater *control over your assets*.

โœ… Transactions without intermediaries or KYC.

โœ… Access to a wide variety of tokens.

โŒ Lower liquidity in some markets.

โŒ Requires more technical knowledge.

๐Ÿ›  *Tips for beginners in DEX*

๐Ÿ”น Use a secure wallet.

๐Ÿ”น Check the liquidity of the token before trading.

๐Ÿ”น Inform yourself about gas fees and slippage.

๐Ÿ’ฌ Which do you prefer? Comment ๐Ÿ“Š