#CEXvsDEX101 Centralized vs. Decentralized Exchanges ๐
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.
๐ *CEX (Centralized Exchange)*
โ High *liquidity* and fast execution.
โ User support and advanced tools.
โ Less complexity in operations.
โ You depend on third parties to custody funds.
โ Possible regulatory restrictions.
๐ *DEX (Decentralized Exchange)*
โ Greater *control over your assets*.
โ Transactions without intermediaries or KYC.
โ Access to a wide variety of tokens.
โ Lower liquidity in some markets.
โ Requires more technical knowledge.
๐ *Tips for beginners in DEX*
๐น Use a secure wallet.
๐น Check the liquidity of the token before trading.
๐น Inform yourself about gas fees and slippage.
๐ฌ Which do you prefer? Comment ๐