#CEXvsDEX101 🔍 CEX (Centralized Exchanges)
✅ Pros:
🔄 High liquidity – 🏦💸 more orders, faster transactions!
🚀 Convenience – user-friendly interface 🖥️ and instant order execution ⚡
📈 Additional features – staking 🏆, futures 📊, margin trading 🏹
💁 Support – you can reach out if you have questions 💬🛠️
⚠️ Cons:
🏛️ Centralized control – the exchange holds your funds 😕🔑
💀 Security risks – possible hacker attacks 💻⚠️
📜 Regulation – there may be bans 🔒👮
🌐 DEX (Decentralized Exchanges)
✅ Pros:
🔐 Full control – your funds are always under your control 🏆💳
🤖 Transparency – transactions through smart contracts 📜✅
🌍 Resilience – no one can shut down the exchange 🔥🚀
⚠️ Cons:
💧 Lower liquidity – harder to conduct large transactions 😓💰
🧩 Complicated interface – need to figure it out 🤯🔎
💲 High fees – depends on the network 📊💸
💡 Tips for beginners on DEX:
🔑 Security first – only use verified smart contracts 🛡️🔍
🎯 Study the mechanics – understand AMM 📊, liquidity 💰, and slippage 🚀
🚶 Start small – test with small amounts 🧪💵