#CEXvsDEX101

In the world of cryptocurrencies, there are two main ways to trade: centralized exchanges (CEX) like Binance and OKX, and decentralized exchanges (DEX) like Uniswap and PancakeSwap. Each type has its advantages and disadvantages depending on the trading method, level of security, and privacy.

In centralized exchanges (CEX), you have a verified account and can trade very easily with currency pairs like BTC/USDT, enjoying high liquidity and relatively low fees. However, the downside is that the exchange holds your private keys, meaning your funds are at risk in case of a hack.

On the other hand, in decentralized exchanges (DEX), the situation is different. You hold your private keys and trades occur directly from your wallet without an intermediary. Although liquidity may sometimes be lower and fees higher, the freedom and privacy are significantly greater.

In your opinion, do you prefer the security and high liquidity of CEX or the complete privacy of DEX? 🤔