#CEXvsDEX101

Choosing between Centralized (CEX) and Decentralized (DEX) crypto exchanges depends on your priorities!

CEXs (e.g., Binance, Coinbase) are user-friendly, offering higher liquidity and customer support. They hold your funds (custodial), requiring KYC (Know Your Customer) checks. This convenience comes with counterparty risk; if the CEX is hacked or fails, your funds are vulnerable.

DEXs (e.g., Uniswap, PancakeSwap) are non-custodial, meaning you always control your funds and private keys. They prioritize privacy, often requiring no KYC. However, DEXs can have lower liquidity, a steeper learning curve, and transactions might incur higher "gas fees" on the underlying blockchain.

Ultimately, CEXs offer ease and features, while DEXs provide true decentralization and self-custody. Pick what aligns with your comfort level and crypto philosophy!