#CEXvsDEX101 #CEX vs. DEX: A Fundamental Choice

Choosing between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX) hinges on priorities. CEXs like Binance offer user-friendliness, high liquidity, and fiat on-ramps, but you surrender control of your private keys and personal data (KYC). This makes them vulnerable to hacks and censorship.

DEXs like Uniswap prioritize self-custody and privacy, operating without intermediaries via smart contracts. You retain control of your assets, reducing hack risk and offering anonymity. However, DEXs can have lower liquidity, higher gas fees, and a steeper learning curve. The "best" choice depends on your trading experience, security concerns, and appetite for control.