#CEXvsDEX101 #CEXvsDEX101

๐Ÿง  #CEXvsDEX101 โ€“ Whatโ€™s the Difference? ๐Ÿš€

Not sure whether to use a CEX (Centralized Exchange) or a DEX (Decentralized Exchange)? ๐Ÿค” Here's a quick breakdown:

๐Ÿ”’ CEX (Centralized Exchange):

โœ… User-friendly

โœ… High liquidity

โœ… Fast transactions

โŒ You donโ€™t control your keys (Not your keys, not your crypto)

๐ŸŒ DEX (Decentralized Exchange):

โœ… You control your wallet and funds

โœ… No KYC (in most cases)

โœ… Greater privacy

โŒ Can have lower liquidity & slower speeds

๐Ÿ’ก TL;DR:

Choose CEX for convenience and speed

Choose DEX for privacy and full control

๐Ÿ“Œ Tip: Try both to understand what suits your trading style!

๐Ÿ‘‡ Which one do YOU prefer and why? Drop your thoughts in the comments!

โค๏ธ Like, ๐Ÿ” Share, and ๐Ÿ’ฌ Comment to join the debate!