#CEXvsDEX101 📘 – Know the Difference!
In the crypto world, choosing where to trade is 🔑. Let’s break it down:
🔹 CEX (Centralized Exchange)
✅ Easy to use
✅ High liquidity
🔒 You trust the platform (e.g., Binance, Coinbase)
⚠️ Can be affected by hacks, downtime, or regulations
🔹 DEX (Decentralized Exchange)
✅ Full control of your funds
✅ No KYC needed
🔓 Peer-to-peer (e.g., Uniswap, PancakeSwap)
⚠️ May have lower liquidity, complex UI
💡 Tip: Use CEX for convenience, and DEX for privacy and true ownership!
Which one do you prefer? 🤔
