#CEXvsDEX101 New to crypto and wondering whether to trade on a Centralized Exchange (CEX) like Binance, or explore the wild world of Decentralized Exchanges (DEXs) like Uniswap?
Hereโs the quick breakdown ๐
๐ CEX (Centralized Exchange):
โ๏ธ User-friendly
โ๏ธ High liquidity
โ๏ธ Faster trades
โ ๏ธ You trust a 3rd party to hold your assets
๐ฆ DEX (Decentralized Exchange):
โ๏ธ You own your keys
โ๏ธ Permissionless & borderless
โ๏ธ Privacy-focused
โ ๏ธ Can have higher slippage & slower trades
๐ก CEX = Convenience & speed
๐ก DEX = Freedom & control
