#CEXvsDEX101 đ #CEXvsDEX101 â Whatâs the Difference?
A CEX (Centralized Exchange) is managed by a company. Itâs user-friendly, fast, and offers high liquidity. Popular examples: Binance, Coinbase. But you give up custodyâyour assets are held by the exchange.
A DEX (Decentralized Exchange) lets you trade directly from your wallet. You stay in control of your assets. Examples: Uniswap, PancakeSwap. However, DEXs may have lower liquidity and slower trades.
â CEX = Convenience & speed
đ DEX = Privacy & full control
Choose based on your needs: ease vs. autonomy.
Which do you prefer: CEX or DEX? Drop your thoughts! đŹ
