#CEXvsDEX101 CEXs offer high liquidity, faster transactions, and user-friendly interfaces, making them ideal for beginners and active traders. However, they require trust in a third party and involve risks like hacks or withdrawal limits. DEXs, on the other hand, provide greater privacy, control of funds, and access to a wider range of tokens. The trade-off is slower transactions, potential slippage, and a steeper learning curve.

I prefer CEXs for large trades and fiat conversions, and DEXs for accessing niche tokens or when prioritizing self-custody. When choosing, I consider security, fees, token availability, and regulatory status.

For first-time DEX users: Use a secure wallet, double-check contract addresses, start with small trades, and be cautious of scams. Always understand how gas fees work, and never share your private keys. Take your time—it’s your responsibility when using a DEX.