#CEXvsDEX101
🔄 CEX vs DEX 101: What’s the Difference? 💡
Let’s break it down for beginners! 🧠
A CEX (Centralized Exchange) like Binance 🏦 is managed by a company. It offers fast trades ⚡, high liquidity 💧, and customer support ☎️—great for beginners!
A DEX (Decentralized Exchange) like Uniswap or PancakeSwap 🦄 is peer-to-peer with no middleman. You keep control of your funds 🔐 and trade directly from your wallet 🎒.
CEX = convenienceDEX = control
Both have pros and cons! ⚖️ Try both to see what fits your style. 🚀
