#CEXvsDEX101 #CEXvsDEX101
๐ง #CEXvsDEX101 โ Whatโs the Difference? ๐
Not sure whether to use a CEX (Centralized Exchange) or a DEX (Decentralized Exchange)? ๐ค Here's a quick breakdown:
๐ CEX (Centralized Exchange):
โ User-friendly
โ High liquidity
โ Fast transactions
โ You donโt control your keys (Not your keys, not your crypto)
๐ DEX (Decentralized Exchange):
โ You control your wallet and funds
โ No KYC (in most cases)
โ Greater privacy
โ Can have lower liquidity & slower speeds
๐ก TL;DR:
Choose CEX for convenience and speed
Choose DEX for privacy and full control
๐ Tip: Try both to understand what suits your trading style!
๐ Which one do YOU prefer and why? Drop your thoughts in the comments!
โค๏ธ Like, ๐ Share, and ๐ฌ Comment to join the debate!