#CEXvsDEX101 : Exchanges – centralized or decentralized?** 💡⚖️

When it comes to trading crypto, it's important to understand the difference between **CEX (Centralized Exchanges)** and **DEX (Decentralized Exchanges)**. Here are the main differences:

🔵 **CEX (for example, Binance, Coinbase)**

✅ User-friendly interface, high liquidity

✅ Fast transactions, fiat support

❌ Verification required (KYC)

❌ Risk of exchange abuse

🟢 **DEX (for example, Uniswap, PancakeSwap)**

✅ Anonymity – no KYC

✅ Control over your funds (non-custodial)

❌ Lower liquidity, possible high fees

❌ More complicated for beginners

Which exchanges do you use and why? Share your thoughts! 👇 #Cryptocurrency #DeFi #Trading