#CEXvsDEX101

#CEXvsDEX101

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) serve as platforms for crypto trading but differ fundamentally. CEXs like Binance act as intermediaries, offering high liquidity, faster transactions, and user-friendly features. However, they require users to trust a third party with custody of their funds. DEXs like Uniswap allow peer-to-peer trading directly from wallets, ensuring more privacy and control, but they may lack liquidity and are harder for beginners. CEXs are ideal for convenience and quick trades; DEXs favor users who prioritize decentralization and self-custody. Know your goals and risk tolerance before choosing.

#CryptoBasics #Blockchain101 #CryptoEducation💡🚀