#CEXvsDEX101

Are you getting into the crypto world and don't know whether to use a CEX or a DEX? Don't worry, I'll explain it simply.

A CEX (Centralized Exchange) is like the bank of cryptocurrencies: Binance, Coinbase, etc. They are super easy to use, with customer support and advanced features, but... you give them control of your funds. Yes, they have your private keys.

On the other hand, a DEX (Decentralized Exchange) like Uniswap or PancakeSwap gives you more freedom. No one has your crypto but you. Zero registrations, zero censorship. But, be careful, it can be more complicated for beginners.

Which is better? It depends on you. Security and control? DEX. Convenience and speed? CEX.

The ideal: understand both and use them according to the situation 😉