🔍 Crypto Trading Fundamentals Deep Dive: #CEXvsDEX101
Choosing between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX) is more than just a preference—it’s a strategic decision.
👉 CEX Pros:
• User-friendly interfaces
• High liquidity and faster trades
• Fiat on/off ramps
• Great for beginners
⚠️ CEX Cons:
• Custodial risk (not your keys, not your crypto)
• KYC requirements
• Vulnerable to hacks and restrictions
🌀 DEX Pros:
• Full control over your assets
• Permissionless access
• Wider range of tokens, especially in DeFi
• No KYC needed
⚠️ DEX Cons:
• Slower transactions
• Higher gas fees
• Lower liquidity for some tokens
• Complex for newcomers
🧠 My approach:
I use CEXs for speed, convenience, and trading major coins. I turn to DEXs for privacy, early DeFi projects, and when I want full custody of my assets.
🛡️ Advice for DEX first-timers:
• Start small and double-check everything
• Use trusted wallets like MetaMask or Rabby
• Be mindful of gas fees and slippage
• Always verify token contracts
• Don’t rush—DYOR (Do Your Own Research)!
📌 Bottom line: Understand the trade-offs. The right exchange depends on your goals, risk tolerance, and level of experience.
