🏛️🔄 CEX vs DEX – What's the Difference?
Whether you're new to crypto or brushing up on the basics, understanding Centralized Exchanges (CEXs) vs Decentralized Exchanges (DEXs) is key to navigating the market.
Here’s a quick breakdown:
🔹 Centralized Exchange (CEX)
Examples: Binance, Coinbase, KuCoin
✅ User-friendly
✅ High liquidity & fast trades
✅ Customer support
❌ You don’t hold your private keys
❌ Subject to regulations and possible shutdowns
🔸 Decentralized Exchange (DEX)
Examples: Uniswap, PancakeSwap, dYdX
✅ You control your funds
✅ Permissionless – trade directly from your wallet
✅ Lower risk of centralized hacks
❌ Less beginner-friendly
❌ Can have lower liquidity and slower execution
🔐 CEX = Convenience & Speed
🌐 DEX = Control & Privacy
#CEXvsDEX101 #defi #cryptotrading #financialfreedom
