๐๏ธ๐ CEX vs DEX 101: Whatโs the Difference? ๐
In the crypto world, choosing where to trade matters. Do you go with a Centralized Exchange (CEX) like Binance, or explore a Decentralized Exchange (DEX) like Uniswap or PancakeSwap?
๐ CEX (Centralized Exchange)
โ User-friendly & fast
โ High liquidity & trading pairs
โ Fiat support & customer service
โ ๏ธ You trust a third party to hold your funds
๐ DEX (Decentralized Exchange)
โ No middlemenโyour keys, your coins
โ Great for DeFi token access
โ Fully on-chain, global, and permissionless
โ ๏ธ Often slower, risk of scams, limited support
๐ก Pro Tip: Many traders use bothโCEX for security & speed, DEX for flexibility & early access.
Which one do YOU prefer, and why? Letโs hear it below! โฌ๏ธ
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