#CEXvsDEX101 #CEXvsDEX101

Centralized vs Decentralized Exchanges (CEX vs DEX)

Centralized Exchanges (CEX) like Binance offer user-friendly platforms, high liquidity, and fast transactions. They handle custody of your funds and provide customer support, but this also means you are trusting a third party, and there’s a risk of hacks or restrictions.

Decentralized Exchanges (DEX) like Uniswap or PancakeSwap give users full control over their funds, ensuring privacy and transparency. However, they often have lower liquidity, slower transactions, and can be less beginner-friendly.