Hashtag #CEXvsDEX101 relates to the topic of comparing centralized (CEX) and decentralized (DEX) cryptocurrency exchanges. Let's consider the advantages, disadvantages, and features.
🔁 CEX vs DEX: Basics
🔒 CEX (Centralized Exchange) – Centralized Exchange
Examples: Binance, Coinbase, Kraken
✅ Pros:
User-friendly interface for beginners
Higher liquidity and faster order execution
Support for fiat currencies (USD, EUR, UAH, etc.)
Technical support and asset insurance on some exchanges
❌ Cons:
You don’t control the private keys (“Not your keys – not your coins”)
Risk of account blocking or data leaks
Need for verification (KYC)
Centralization = vulnerability to hacks or government restrictions
🌐 DEX (Decentralized Exchange) – Decentralized Exchange
Examples: Uniswap, PancakeSwap, 1inch
✅ Pros:
Full autonomy – you own your keys
Anonymity – usually does not require KYC
No censorship – there is no central authority that can block your account
Innovations (e.g., yield farming, liquidity pools, etc.)
❌ Cons:
Higher complexity for beginners
Possible slippage when exchanging tokens
Low liquidity in some pairs
You are responsible for the security of your wallet
