#CEXvsDEX101
Are you just getting into the crypto world and don't know whether to use a CEX or a DEX? Don't worry, I'll explain it to you easily.
A CEX (Centralized Exchange) is like the bank of crypto: Binance, Coinbase, etc. They're super easy to use, with customer support and advanced features, but... you give them control of your funds. Yes, they have your private keys.
On the other hand, a DEX (Decentralized Exchange) like Uniswap or PancakeSwap gives you more freedom. No one owns your crypto but you. Zero logs, zero censorship. But be careful, it can be more complicated for newbies.
Which is better? It's up to you. Security and control? DEX. Convenience and speed? CEX.
The ideal: understand both and use them according to the situation 😉
