Letโs explore the differences between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) ๐
๐น CEX (Centralized Exchange)
๐ข Managed by companies (like Binance, Coinbase)
๐ Crypto is stored in their wallets
๐ณ Beginner-friendly โ easy to buy with fiat
๐ High liquidity & speedy transactions
โ ๏ธ You donโt control your private keys
๐น DEX (Decentralized Exchange)
๐ Peer-to-peer trading โ no intermediaries
๐ You manage your own crypto wallet
๐ง Needs more technical know-how (MetaMask, slippage, gas fees)
๐ซ No KYC required
โณ Slower but more secure from centralized hacks
๐ง Remember:
"Not your keys, not your coins."
Which one suits you best? Letโs chat! ๐ฌ