#CEXvsDex101

What is a DEX?

DEX = Decentralized Exchange

Think Uniswap, PancakeSwap, or GMX. These run on blockchain protocols with no middlemen.

✅ Pros of DEX:

Self-Custody: You control your wallet and keys.

Privacy: No KYC needed.

Permissionless: Anyone can list tokens and trade.

True Decentralization: No single point of control.

❌ Cons of DEX:

UI Can Be Complex: Not beginner-friendly.

Slower Transactions: Dependent on network congestion.

Limited Fiat Options: You can’t buy crypto directly with your bank card.

Smart Contract Risks: Bugs in code can lead to losses.Use CEX for onboarding and liquidity-heavy trades, then transfer to DEX for DeFi, farming, or token hunting.

Be smart, stay safe – and always DYOR.

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