#CEXvsDEX101 Where Do You Safeguard Your Crypto Empire? 🛡️
Choosing between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) is crucial.
**CEX (Centralized):** ✅ **Pros:** Easy to use for **$BTC ** and **$ETH **, high liquidity, more functionalities. ❌ **Cons:** Your funds are not in your custody (third-party risk), require KYC. Ideal for beginners and quick trades.
**DEX (Decentralized):** ✅ **Pros:** You control your keys (self-custody), greater privacy, access to new tokens like **$UNI **. ❌ **Cons:** More complex (e.g. gas fees), lower liquidity in some pairs, no centralized support.
**My preference:** CEX for fiat in/out and daily trading. DEX for long-term self-custody and DeFi exploration.
**When choosing, consider:** your experience, the amount, and your need for privacy. **Tip for DEX:** Start small! Learn the gas fees and always verify URLs.
Knowledge is power. Master both for a complete crypto strategy.
