CEX or DEX? That is the question. A CEX (Centralized Exchange) like Binance or Bybit offers greater liquidity, a user-friendly interface, and customer support. They are ideal for beginners, but require trusting a third party that holds your funds. In contrast, a DEX (Decentralized Exchange) like Uniswap or dYdX allows you to trade directly from your wallet without intermediaries. This provides more control, privacy, and decentralization, although it may entail greater technical risks and lower liquidity. Both have pros and cons. Choosing one or the other depends on your experience, goals, and risk tolerance. Which do you prefer: total control or convenience?
