#CEXvsDEX101 #CEXvsDEX101

The choice between centralized (CEX) and decentralized (DEX) exchanges is key in the crypto world. CEX (for example, Binance) offers ease of use, high liquidity, and fiat gateways. However, you give up control over your keys, which creates hacking risks. DEX (for example, Uniswap) provide full control over assets and anonymity, operating through smart contracts. Their downsides are lower liquidity and complexity for newcomers. The choice depends on your priorities: convenience and speed or security and self-control.