⚖️ CEX or DEX? Let's figure it out! #CEXvsDEX101
🔄 CEX (Binance, Coinbase): centralized exchanges — convenient interface, high liquidity, fast execution. But you trust your funds to the platform. KYC is mandatory, and fees can be high.
🌐 DEX (Uniswap, PancakeSwap): decentralized exchanges — full control over your wallet, anonymity, no KYC. Downsides: more complex for beginners, lower liquidity, risk of smart contracts.
📈 On Binance, the trading volume per day is $18 billion, while on Uniswap it is $1.2 billion. Choose according to your goals!