#CEXvsDEX101
๐ #CEXvsDEX101 โ Centralized vs Decentralized Exchanges
Curious about the difference between CEXs and DEXs? Letโs break it down:
๐ CEX (Centralized Exchange)
โ๏ธ User-friendly & fast
โ๏ธ High liquidity
โ๏ธ Customer support
โ ๏ธ Requires trust in a third party
๐ You donโt control your private keys
๐ DEX (Decentralized Exchange)
โ๏ธ You control your funds
โ๏ธ Transparent & permissionless
โ๏ธ No KYC (in many cases)
โ ๏ธ Lower liquidity
โ ๏ธ Can be complex for beginners
๐ก Pro Tip: Many traders use both, depending on their needs.
Which do you prefer โ the speed of a CEX or the freedom of a DEX?
๐ Share your thoughts below!
#BinanceSquare #CryptoBasics #BlockchainEducation