๐ฆ What is a CEX?
CEX = Centralized Exchange (like Binance, Coinbase)
You sign up, deposit money, and trade. The exchange controls your funds.
๐ Pros:
Easy to use
Fast trades
Good support
High liquidity
๐ Cons:
You donโt own your private keys
Need to complete KYC (ID check)
Can be hacked
๐ What is a DEX?
DEX = Decentralized Exchange (like Uniswap, PancakeSwap)
You trade directly from your wallet. No signup, no middleman.
๐ Pros:
You control your crypto
No KYC needed
More privacy
๐ Cons:
Can be harder for beginners
Slower trades
Less help if something goes wrong
โ๏ธ CEX vs DEX: Which is Better?
It depends on what you need!
Feature CEX DEX
Easy to use โ โ
Privacy โ โ
Control โ โ
Fast trades โ โ ๏ธ
๐ฌ Final Tip:
Many users use both!
CEX for quick and easy trades, DEX for privacy and control.
Whatโs your choice? Let us know ๐
