#CEXvsDEX101

🔄 What is the difference between CEX and DEX?

CEX stands for centralized exchanges like Binance and Coinbase, where there is an entity managing the platform and controlling the assets. Registration is easy, and liquidity is high, but you do not own your private wallet keys. On the other hand, DEXs like Uniswap and PancakeSwap give you full control over your funds, and you do not need a centralized account, but they can be challenging for beginners, and liquidity may be limited at times.

Personally, I prefer using CEX when trading cryptocurrencies like BTC due to speed and liquidity, but I resort to DEX in certain situations like buying new tokens on decentralized networks.

Understanding the difference between the two types helps you protect your funds and make smarter decisions.

What is your choice? And why?

#CEXvsDEX101