#CEXvsDEX101 Learning Curve: Start with a CEX for simplicity, then explore DEXs as you gain confidence with wallets and blockchain basics.Security: On CEXs, enable 2FA and withdraw funds to a hardware wallet when not trading. For DEXs, double-check wallet connections to avoid phishing scams.Costs: CEXs charge trading fees (0.1%-0.5% typically), while DEXs involve gas fees (variable, often $5-$50+ on Ethereum). Compare costs based on your trading frequency.Goals: Use CEXs for fiat conversions or high-volume trading; use DEXs for DeFi projects or privacy.Hybrid Approach: Many traders use both—CEXs for onboarding fiat and major coins, DEXs for niche tokens or DeFi.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.