#CEXvsDEX101
Understanding the Difference Between Centralized and Decentralized Exchanges 🔍💱
📌 CEX (Centralized Exchange)
▶️ Examples: Binance, Coinbase, Kraken
✅ Pros:
High liquidity
Fast transaction speeds
Easy-to-use interfaces
Customer support
⚠️ Cons:
Custodial (you don’t hold your private keys)
Subject to hacks, regulations, and downtime
📌 DEX (Decentralized Exchange)
▶️ Examples: Uniswap, PancakeSwap, dYdX
✅ Pros:
Non-custodial (you control your keys)
Greater privacy
Censorship-resistant
⚠️ Cons:
Lower liquidity (depending on the asset)
Higher slippage
Slower for beginners
🚀 TL;DR:
CEX = Convenience & speed, but less control.
DEX = Freedom & control, but needs more knowledge.
💡 Choose what suits your goals and comfort with risk!