#CEXvsDEX101 🚀 #CEXvsDEX101: The Basics You Need to Know! 🚀

🪙 CEX (Centralized Exchange)

✅ Owned & operated by companies (e.g., Binance, Coinbase)

✅ Easy to use, high liquidity

✅ Faster transactions & better customer support

❌ You don’t control your private keys

❌ Prone to hacks and regulations

🔗 DEX (Decentralized Exchange)

✅ Peer-to-peer trading (e.g., Uniswap, PancakeSwap)

✅ You control your keys – Not your keys, not your coins!

✅ No KYC, more privacy

❌ Can be harder to use

❌ Lower liquidity & slower transactions

💡 Whether you’re a newbie or a pro, understanding the differences helps you trade smarter! 💡

💬 What’s your preference? Drop a comment below! 👇