⚔️ #CEXvsDEX101 – Centralized Exchange vs Decentralized Exchange: Which One Do You Choose?

In the crypto world, exchanges are divided into 2 main types:

🔹 CEX (Centralized Exchange) – like Binance, Coinbase

🔸 DEX (Decentralized Exchange) – like Uniswap, PancakeSwap

---

🔐 1. Asset Control

CEX: Assets are held in the exchange wallet, you need to trust a third party.

DEX: You keep assets in your personal wallet (“Not your keys, not your coins”).

---

⚡ 2. User Experience

CEX: User-friendly interface, easy to use, has customer support.

DEX: Requires basic technical knowledge, less friendly for newcomers.

---

💸 3. Transaction Fees

CEX: Stable fees, many discounts available if using the exchange's token.

DEX: Fees depend on the blockchain (for example: Ethereum gas fees are quite high).

---

🔍 4. Transparency & Censorship

CEX: Can be censored, accounts can be frozen, requires KYC.

DEX: Transactions are anonymous, no account required, hard to control.

---

🤔 In summary:

Criteria CEX DEX

Ease of Use ✅ ❌

Asset Control ❌ ✅

User Support ✅ ❌

Transparency, Anonymity ❌ ✅

---

🎯 Smart Strategy: Use CEX for fast & convenient trading, use DEX for long-term investment and to maintain control.

💬 Which type of exchange do you use more often? Why?

#CEXvsDEX101 #BinanceFeed #CryptoVietnam #BlockchainBasics #DeFi #Web3