#CEXvsDEX101 – Centralized vs Decentralized Exchanges 🔄
In crypto, you’ll come across two main types of platforms: CEX (Centralized Exchange) and DEX (Decentralized Exchange).
A CEX like Binance or Coinbase is run by a company. It’s user-friendly, fast, and offers customer support. However, the platform controls your funds, meaning you need to trust them.
A DEX like Uniswap or PancakeSwap allows you to trade directly from your wallet — no sign-up, no KYC. You keep full control of your assets. But the interface can be complex and there’s no recovery help if you make a mistake.
✅ Use CEX for ease, security, and fiat deposits.
✅ Use DEX for privacy, control, and access to newer tokens.
Both have their place. A smart trader knows when to use each! 🧠
