#CEXvsDEX101
🔄 *#CEXvsDEX101 | The difference between centralized and decentralized exchanges!*
If you are trading in cryptocurrencies, you have definitely encountered two types of platforms:
🏛️ *CEX – Centralized Exchanges* (like Binance, Bybit)
✔️ Easy interface
✔️ Technical support
✔️ High liquidity
❗Controlled by a third party
❗Requires KYC verification
🌐 *DEX – Decentralized Exchanges* (like Uniswap, PancakeSwap)
🔓 No intermediaries
🔐 Full control of your wallet
🧠 No registration or verification needed
❗Higher risks, more fraud
❗Sometimes less liquidity
🎯 In summary:
*CEX = Ease + Relative Security*
*DEX = Privacy + Full Control*
Which type are you with? And why? 👇
