#CEXvsDEX101🔥 : Centralized vs Decentralized Exchanges – Which One’s for You?

Thinking about trading crypto? 🪙 Understanding the difference between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) is key!

🔐 CEX (e.g., Binance, Coinbase):

✅ User-friendly, great for beginners

✅ High liquidity & fast trades

✅ Fiat on/off ramps

❌ Requires KYC (less privacy)

❌ You don’t control your keys

❌ Risk of hacks or freezes🌐

DEX (e.g., Uniswap, PancakeSwap):

✅ Privacy-focused, no KYC needed

✅ You control your funds (non-custodial)

✅ More token variety

❌ Can be complex for newbies

❌ Lower liquidity, higher slippage

❌ Gas fees can add up

💡 Which team are you? for ease or TeamDEX for control? Share your thoughts!