#CEXvsDEX101: Centralized vs. Decentralized ExchangesThinking about trading crypto? Here's a quick breakdown of Centralized (CEX) vs. Decentralized (DEX) exchanges to help you choose:CEX (e.g., Binance, Coinbase):

✅ User-friendly, great for beginners

✅ High liquidity & fast trades

✅ Custodial (they hold your funds)

❌ Requires KYC (less privacy)

❌ Risk of hacks or platform controlDEX (e.g., Uniswap, PancakeSwap):

✅ Non-custodial (you control your keys)

✅ More privacy, no KYC

✅ Supports niche tokens

❌ Can be complex for new users

❌ Lower liquidity, higher slippageKey takeaway: CEX is easier but less private; DEX offers control but needs tech know-how. Pick based on your priorities! 🚀#Crypto #Blockchain #Trading