📊 #CEXvsDEX101 – What’s the Difference?
Are you confused about whether to use a CEX (Centralized Exchange) or DEX (Decentralized Exchange)? Let’s break it down 🧠👇
🔵 CEX (e.g. Binance, Coinbase)
✅ Pros:
• User-friendly interface
• Faster transactions
• High liquidity
❌ Cons:
• You don’t hold your keys (custodial)
• Can be censored or hacked
🟣 DEX (e.g. Uniswap, PancakeSwap)
✅ Pros:
• You keep full control of your crypto
• More privacy & less regulation
❌ Cons:
• Higher fees & slippage
• Slower and less intuitive
💡 “Not your keys, not your crypto” still holds strong—but convenience often wins.
💬 What do YOU use more often, and why? Drop your vote below ⬇️
