🚀 CEX vs. DEX 101

Which One is Right for You?

The crypto world offers two main ways to trade: **Centralized Exchanges (CEX)** and **Decentralized Exchanges (DEX)**. But what’s the difference? Let’s break it down!

### 🔵 **Centralized Exchanges (CEX) – Like Binance**

✅ **Pros:**

- Easy to use (great for beginners)

- High liquidity & fast trades

- Fiat on/off ramps (buy crypto with cash)

- Customer support

❌ **Cons:**

- Requires KYC (identity verification)

- Custodial (you don’t hold your private keys)

- Risk of hacks (though rare on top CEXs)

### 🟢 **Decentralized Exchanges (DEX) – Like Uniswap**

✅ **Pros:**

- No KYC (trade anonymously)

- Non-custodial (you control your funds)

- Permissionless (no middleman)

❌ **Cons:**

- Can be complex (wallets, gas fees, slippage)

- Lower liquidity for some tokens

- No customer support

### **Which One Should You Use?**

- **New to crypto?** Start with a **CEX** like #Binance!

- **Privacy & control matter?** Try a **DEX**!

- **Best of both?** Use both depending on your needs!

💡 **Pro Tip:** Always DYOR (Do Your Own Research) before trading!

#Crypto #CEXvsDEX101🔥 #Binance #Blockchain #TradingTypes101