#CEXvsDEX101

📚 #CEXvsDEX 101: What is the difference between centralized and decentralized exchanges? 🤔

🔐 CEX - Centralized Exchange:

✅ Easy to use

✅ Live customer support

✅ High liquidity

⚠️ Requires Know Your Customer (KYC)

⚠️ Temporarily controls your funds

🌐 DEX - Decentralized Exchange:

✅ You control your wallet 100%

✅ No need for KYC

✅ High privacy

⚠️ Lower liquidity

⚠️ Full responsibility on you

🚀 Choose the platform that suits your needs and trading style!

#Binance #CEX #DEX #Crypto101 #Digital_Currencies #Currency_Trading #Blockchain #Web3 #DeFi