📊 Comparative Summary: #CEXvsDEX101

🔒 CEX (Centralized Exchanges)

✅ Advantages:

• Ease of use: User-friendly interfaces, customer support, and simpler experience.

• High liquidity: Usually offer greater trading volume and market depth.

• Additional services: Provide features like margin trading, lending, and staking.

• Speed: Fast order execution and fewer network congestion issues.

❌ Disadvantages:

• Custody of funds: Assets are under the control of the exchange (not your private key).

• Risk of hacks: Frequent target of cyber attacks.

• Centralized reliability: Risks of censorship, account freezing, and unilateral decisions.

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🔗 DEX (Decentralized Exchanges)

✅ Advantages:

• Financial autonomy: You control your own private keys and assets.

• Privacy: Generally do not require KYC (Know Your Customer).

• Censorship resistance: Lower risk of blocking or freezing.

• DeFi interoperability: Integration with wallets and DeFi protocols.

❌ Disadvantages:

• Low liquidity: Mainly in less popular tokens.

• Less user-friendly interface: Requires technical knowledge and wallet management.

• High slippage: Difference between expected price and execution price.

• Network costs: Gas fees can be high on congested blockchains.

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