Curious about #CEXvsDEX101? Let’s dive into the exciting world of crypto trading platforms! Centralized Exchanges (CEX) like Binance or Coinbase are like busy marketplaces run by a company. They’re easy to use, perfect for beginners, and offer fast trades with customer support. You give them control of your funds, though, which can feel risky. Decentralized Exchanges (DEX) like Uniswap or PancakeSwap are different—they run on blockchain, giving you full control of your assets. No middleman means more privacy and security, but they can be trickier to navigate and slower. CEX is great for quick trades and learning, while DEX suits those who love independence and low fees. A recent hack hit a CEX, losing $8.3 million, pushing some to DEX for safety. Which one’s your style? Explore both and master your crypto journey!
