๐๏ธ #CEXvsDEX101 :Whatโs the Real Difference? ๐ค
Choosing between a CEX (Centralized Exchange) and a DEX (Decentralized Exchange) can define your trading experience! Letโs break it down ๐
๐น CEX โ Centralized Exchange
Examples: Binance, Coinbase, KuCoin
โ Easy to use
โ High liquidity & fast trades
โ Customer support available
โ ๏ธ KYC required
โ ๏ธ You donโt own your keys
๐ธ DEX โ Decentralized Exchange
Examples: Uniswap, PancakeSwap, dYdX
โ No KYC, full privacy
โ You own your private keys ๐
โ Trade directly from wallet
โ ๏ธ Slower transactions
โ ๏ธ Lower liquidity (for some tokens)
๐ง Key Rule:
CEX = Convenience
DEX = Control
๐ฌ Which one do YOU prefer for trading and why?
Drop your thoughts in the comments ๐
Letโs discuss and learn together! ๐
