📊 #CEX vs DEX 101 – The battle between "school" and "self-learning" in crypto.
👨🏫 CEX – Centralized Exchange
→ Just like you send money to a “crypto bank”: convenient, fast, with a “customer support hotline” and... full KYC!
🧙♂️ DEX – Decentralized Exchange
→ Free like backpacking: no account needed, no KYC, just a Web3 wallet and trust in... yourself 😎
🍜 Any real-life examples?
CEX: You order pho through an app, the delivery person brings it to your door, but there’s a fee & sometimes they deliver the wrong order 🤷
DEX: You go to the market yourself, cook yourself, it tastes better, but if you forget the salt then... tough luck!
🛡️ What are the advantages of CEX?
Fast transactions, high liquidity
User-friendly for beginners
Technical support available (at least a chatbot that greets you!)
🚀 Where is DEX strong?
Does not hold user funds
You have full control over your assets
Trade at 2 AM in a remote place if you want!
💥 In summary:
“CEX is where you entrust your assets, DEX is where you drive yourself. What to choose is up to you – just don’t... forget your seed phrase!”
📢 What are you using? CEX, DEX, or both to avoid headaches?
Comment and share now – to add laughter and knowledge to the crypto community! 😄📈
📌 This article is for educational purposes and is not investment advice. DYOR before you dive in!