🔄 #CEXvsDEX101 – What’s the Difference?

Choosing the right platform is key in your crypto journey. Let’s break down the two main types:

🔐 Centralized Exchanges (CEX)

✔️ Easy to use

✔️ High liquidity

✔️ Faster transactions

✔️ Customer support

⛔ Requires trust in the platform (KYC, custody of funds)

🌐 Decentralized Exchanges (DEX)

✔️ Full control of your assets

✔️ No KYC

✔️ Permissionless & open

✔️ Great for DeFi access

⛔ Typically lower liquidity & slower trade execution

💡 TL;DR:

CEX = Convenience & speed

DEX = Control & privacy

🧠 Pro tip: Many traders use both, depending on their goals.

Where do you trade more—CEX or DEX? Drop your thoughts below! 👇

#Binance #CryptoBasics #CryptoTrading #DYOR #DeFi #CeFi #LearnCrypto #Web3