#CEXvsDEX101 #wirte2Earn ๐Ÿšจ CEX vs DEX 101 ๐Ÿšจ

Confused about the difference between Centralized and Decentralized Exchanges? Letโ€™s break it down ๐Ÿ‘‡

๐Ÿ” CEX (Centralized Exchange)

โœ… Easy to use (great for beginners)

โœ… High liquidity

โŒ You donโ€™t control your keys

โŒ Vulnerable to hacks & outages

๐Ÿ‘‰ Examples: Binance, Coinbase

๐ŸŒ DEX (Decentralized Exchange)

โœ… You own your keys (non-custodial)

โœ… Permissionless & transparent

โŒ Can be complex for new users

โŒ Lower liquidity on some tokens

๐Ÿ‘‰ Examples: Uniswap, PancakeSwap

๐Ÿ”„ TL;DR:

CEX = Convenience & speed

DEX = Control & transparency

๐Ÿง  Choose based on your needs, risk tolerance & experience.$BTC