#CEXvsDEX101
CEX vs DEX 101: Where to Trade Your Crypto?
Choosing between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX) is crucial for crypto traders. CEXs like Binance offer user-friendly interfaces, high liquidity, and fiat on-ramps, making them great for beginners. However, they are custodial, meaning you don't control your private keys, and require KYC/AML.
DEXs like Uniswap prioritize self-custody and privacy (no KYC). You retain full control of your assets, but they can be less user-friendly, have lower liquidity for some tokens, and incur variable network (gas) fees. Ultimately, the best choice depends on your priorities: convenience and features (CEX) or control and privacy (DEX). Many traders utilize both!
