#CEXvsDEX101
When trading crypto, it's important to know the difference between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX). CEXs like Binance or Coinbase are managed by companies and offer user-friendly interfaces, high liquidity, and customer support. DEXs like Uniswap or PancakeSwap operate without intermediaries, giving users full control of their funds and enhanced privacy. CEXs are ideal for beginners, while DEXs appeal to those who value decentralization and anonymity. Each has pros and cons — choose based on your priorities: convenience or control.
#CryptoBasics #BlockchainEducation #DeFi #CryptoTrading #Web3
