๐ #CEXvsDEX101 โ What's the Difference?
Wondering whether to trade on a Centralized Exchange (CEX) or Decentralized Exchange (DEX)?
๐ผ CEX (e.g., Binance)
โ Easy to use
โ High liquidity
โ Faster transactions
โ Need to trust the platform (KYC required)
๐ธ DEX (e.g., Uniswap)
โ No sign-up, full privacy
โ You control your funds (non-custodial)
โ Slower trades, sometimes low liquidity
๐ฏ Pro Tip: Beginners prefer CEX for simplicity. Experts may go DEX for freedom.
Which one suits your trading style?
