#CEXvsDEX101 What’s the Difference? 🚀
Not sure whether to use a CEX (Centralized Exchange) or a DEX (Decentralized Exchange)? 🤔 Here's a quick breakdown:
🔒 CEX (Centralized Exchange):
✅ User-friendly
✅ High liquidity
✅ Fast transactions
❌ You don’t control your keys (Not your keys, not your crypto)
🌐 DEX (Decentralized Exchange):
✅ You control your wallet and funds
✅ No KYC (in most cases)
✅ Greater privacy
❌ Can have lower liquidity & slower speeds
💡 TL;DR:
Choose CEX for convenience and speed