Do you know the difference between CEX and DEX? 🤔
📌 CEX (Centralized Exchange) like Binance is a platform managed by a company, it holds your funds and requires identity verification. Trades are executed quickly within the system itself, but there may be withdrawal limits or privacy issues.
📌 DEX (Decentralized Exchange) like Uniswap operates without an intermediary, relying on smart contracts on the blockchain. You have complete control over your funds, but fees are higher and speed may be lower at times.
The choice between them depends on your balance between security, privacy, and ease of use.
💡 What do you prefer? Share your opinion!
