#CEXvsDEX101 Know Your Exchange!
Before you trade crypto, understand where you're trading. Let’s break down the key differences between CEX (Centralized Exchange) and DEX (Decentralized Exchange). 👇
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🏦 CEX – Centralized Exchange
Examples: Binance, Coinbase, Kraken
✔️ Pros:
High liquidity
Fast execution
Easy for beginners
⚠️ Cons:
Controlled by third parties
Requires KYC
Risk of hacks or censorship
🧠 Think of it like a bank — convenient but someone else holds your keys.
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🌐 DEX – Decentralized Exchange
Examples: Uniswap, PancakeSwap, dYdX
✔️ Pros:
You control your funds
No KYC (usually)
Open & permissionless
⚠️ Cons:
Lower liquidity
Slower, sometimes costlier transactions
More complex UI
🔐 "Not your keys, not your coins" — DEX puts the power in your hands.
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💡 Final Thought:
Use CEX for ease, DEX for freedom. Many smart traders use both, depending on the goal.
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💬 Comment: Are you Team CEX or Team DEX?
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