#CEXvsDEX101 #CEXvsDEX101, explaining the key differences between centralized and decentralized exchanges:

#CEXvsDEX101: Understanding the Crypto Exchange Showdown

In crypto, trading happens on two types of platforms: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). CEXs like Binance or Coinbase are managed by companies. They offer high liquidity, user-friendly interfaces, and customer support. However, users must trust the platform with their funds and data. DEXs like Uniswap or PancakeSwap run on blockchain protocols without intermediaries. They offer greater privacy and control, letting users trade directly from wallets. But they can be harder to use and sometimes have lower liquidity. In short: CEX is easier, DEX is freer. Knowing the pros and cons of each helps you trade smarter and safer in the crypto world.

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