🔄 #CEXvsDEX101 — What is the difference between centralized and decentralized exchanges? 💡

When you trade crypto, it's important to understand where exactly you're doing it — on a CEX or DEX. Here's a brief breakdown:

🏢 CEX (Centralized Exchange) — centralized exchanges like Binance or Coinbase. User-friendly interface, high liquidity, and customer support. But you trust your funds to a third party, which means you risk losing control.

🌐 DEX (Decentralized Exchange) — decentralized platforms like Uniswap or PancakeSwap. You keep your assets yourself, without intermediaries. Complete privacy, but the interface may be more complex, and there is less protection against mistakes.

🔐 CEX = convenience, DEX = control.

The choice depends on your priorities: simplicity or decentralization?