#CEXvsDEX101
One important advantage of trading on a DEX is enhanced privacy and security. Since funds are not held in a centralized wallet, the risk of hacking is considerably lower.
Additionally, DEX platforms typically operate on a peer-to-peer basis, which empowers users to trade without needing to register or surrender their personal information.
As a new investor or trader, the choice between CEX and DEX often depends on your individual goals and preferences.
For those who prioritize ease of use and customer support, a centralized exchange might be more suitable.
However, for individuals who value privacy and autonomy, decentralized exchanges may be the preferred option.