#CEXvsDEX101

📊 #CEXvsDEX101 – Centralized vs Decentralized Exchanges

If you’re into crypto, you’ve probably heard of CEX and DEX. But what’s the real difference — and which one is right for you?

🔹 CEX (Centralized Exchange)

Think of platforms like Binance or Coinbase. These are user-friendly, offer high liquidity, and support customer service. But your funds are held by the exchange — meaning you don’t fully control your assets.

🔸 DEX (Decentralized Exchange)

Examples include Uniswap and PancakeSwap. No middlemen — you trade peer-to-peer, directly from your wallet. You hold the keys, which means you control your crypto, but DEXs can be less beginner-friendly and have lower liquidity.

💡 Which One Should You Use?

• Use CEX if you’re new to crypto, want easier navigation, or need quick access to fiat.

• Go for DEX if you value privacy, decentralization, and full control over your funds.

🛡️ Pro Tip: You can use both depending on your goals. Diversifying where you trade can also reduce risks.

Ready to share your thoughts?

Make a post with #CEXvsDEX101 and join the conversation to earn Binance points!