#CEXvsDEX101 #wirte2Earn ๐จ CEX vs DEX 101 ๐จ
Confused about the difference between Centralized and Decentralized Exchanges? Letโs break it down ๐
๐ CEX (Centralized Exchange)
โ Easy to use (great for beginners)
โ High liquidity
โ You donโt control your keys
โ Vulnerable to hacks & outages
๐ Examples: Binance, Coinbase
๐ DEX (Decentralized Exchange)
โ You own your keys (non-custodial)
โ Permissionless & transparent
โ Can be complex for new users
โ Lower liquidity on some tokens
๐ Examples: Uniswap, PancakeSwap
๐ TL;DR:
CEX = Convenience & speed
DEX = Control & transparency
๐ง Choose based on your needs, risk tolerance & experience.$BTC