#CEXvsDEX101 Did you know that choosing the wrong platform could be the reason for your loss in the world of cryptocurrencies?

Before you start trading, learn about the crucial difference between two platforms that the market is competing over: CEX and DEX!

🔹 CEX (Centralized Exchanges) like Binance and Coinbase rely on a third party to manage your funds. They are user-friendly, offer high liquidity, and have strong execution speed, but they require identity verification and are controlled by centralized companies.

🔸 DEX (Decentralized Exchanges) like Uniswap and PancakeSwap give you complete freedom; you control your wallet and keys, and there is no need to reveal your identity. However, they are slower, have lower liquidity, and require more technical expertise.

📊 Which is better?

If you are a beginner looking for a simple experience, start with CEX.

But if you are an expert and value freedom and privacy? Then DEX is your arena.