Centralized vs Decentralized Exchanges Explained! 🏦🔒
Centralized Exchanges (CEX): ✅ User-friendly, great for beginners ✅ High liquidity for fast trades ✅ Fiat on-ramps (buy crypto with $USDC , $EUR
) ❌ Requires KYC, less privacy ❌ Custodial (they hold your funds)
Decentralized Exchanges (DEX): ✅ Non-custodial (you control your keys) ✅ More privacy, no KYC needed ✅ Access to niche tokens ❌ Can be complex for new users ❌ Lower liquidity, higher gas fees
CEXs like Coinbase & Binance are regulated, secure, but less private. DEXs like Uniswap & PancakeSwap align with crypto’s decentralized ethos but require wallet management. Choose based on your needs! 🔍 #cryptotrading
