#CEXvsDEX101 DEX 101 versus CEX 101 "If you want to get into cryptocurrency, you need to comprehend the distinction between centralized exchanges and decentralized exchanges. Let's break it down: CEX, which stands for Centralized Exchange, Binance, Coinbase, Kraken, and others are examples. Simple to use A lot of liquidity Speedy transactions You are not in charge of your private keys. Subject to rules and hacks "Decentralized Exchange" or "DEX" Uniswap, PancakeSwap, and dYdX are examples. Your assets are under your control (non-custodial) In most cases, no KYC Unrestricted and transparent Slower and with less fluid More difficult to use and more technical "Not your crypto, not your keys." 💥💥 Know the risks if you give up control for convenience. Use a CEX to get started, but if you want complete control and decentralization, learn how to use a DEX. Which do you prefer, CEX or DEX? 💥💥 DOGE, Web 3, Cryptography 101, and Cryptosecurity 101#CEXvsDEX101