🔐 #CEXvsDEX101 which decentralized exchange to choose?
The world of crypto trading offers two main paths: CEX (centralized exchanges) and DEX (decentralized exchanges). Both have their pros and cons, and the choice between them depends on your experience and priorities.
⚙️ CEX, such as Binance, provide high liquidity, a user-friendly interface, customer support, and fiat gateways. However, they require KYC and control your funds.
🔓 DEX, such as Uniswap or PancakeSwap, provide full control over assets and anonymity. However, they can be more complicated for beginners, have lower liquidity, and a higher likelihood of mistakes during transactions.
👤 Personally, I use CEX for trading and DEX for DeFi and tokens that are not available on centralized exchanges.
📌 Advice for beginners: before using DEX, be sure to learn how to use wallets like MetaMask, never enter private keys on third-party sites, and always verify contract addresses.
