๐ #CEXvsDEX101๐ฅ
New to crypto trading? ๐ค Youโve probably seen the terms CEX and DEX thrown around. Letโs break them down:
๐ข CEX (Centralized Exchange)
Examples: Binance, Coinbase, Kraken
โ๏ธ User-friendly interfaces
โ๏ธ Fast transactions & high liquidity
โ You donโt control your private keys
โ Subject to regulations & possible restrictions
๐ DEX (Decentralized Exchange)
Examples: Uniswap, PancakeSwap, dYdX
โ๏ธ You control your funds (non-custodial)
โ๏ธ Permissionless & censorship-resistant
โ Can have lower liquidity & slower trades
โ Higher learning curve for beginners
๐ก Key Difference:
CEX = Trust the platform
DEX = Trust the code
๐ข Tip: Always do your research and choose what fits your risk level, goals, and experience. ๐
Are you #TeamCEX or #TeamDEX? Drop your take below! ๐
#CryptoBasics #CryptoTrading #DeFi #BlockchainEducation #Web3 #Crypto101 #FinanceUnchained
