: What’s the difference?
You’re new to crypto and you hear about CEX and DEX? Here’s a little breakdown 👇
🏦 CEX (Centralized Exchange): Centralized platform like Binance. Easy to use, with customer service, a variety of trading pairs, and high liquidity. But… you don’t directly control your private keys.
🌐 DEX (Decentralized Exchange): Decentralized platform like Uniswap. Here, “Not your keys, not your coins” makes complete sense. More control, but often more complex to use, and with less support if issues arise.
🔒 Security, control, user experience: each has its advantages.
💡 Tip: many use both depending on their needs. No need to choose a side 😏
And you, do you prefer to trade on a CEX or a DEX? Tell us in the comments 👇
