#CEXvsDEX101 š
I havenāt tried DEX trading myself yet, but hereās what I understand:
š CEX (Centralized Exchange) ā This is what I use most. Itās easy, fast, and beginner-friendly. You create an account, deposit money, and start trading. But your funds are held by the exchange.
š DEX (Decentralized Exchange) ā I know it means trading directly from your own wallet, no account needed, and you keep full control of your crypto. Sounds safer in theory, but it also looks a bit complicated, so I havenāt dived in yet.
š” What Iād tell beginners:
Start with CEX if youāre new ā itās simpler and less confusing. Once you get comfortable, learning about DEX can be a good next step.
Hope that helps anyone new like me!