#CEXvsDEX101

📌 Hello Binance community! 🌟 I want to share my opinion on the differences between CEX (centralized exchanges) and DEX (decentralized exchanges).

👉 CEX (like Binance or Kraken):

😊 They are easier to use for beginners.

🤝 They offer more customer support.

🪪 They usually require KYC verification (with identification documents).

⚠️ They can be vulnerable to attacks or hacks.

👉 DEX (like Uniswap or PancakeSwap):

🔐 They allow more privacy and control of your keys.

🔄 You can swap tokens without intermediaries.

🤔 Sometimes they can be a bit more difficult for beginners.

💧 Sometimes they have less liquidity.

✨ In my case, I like to use both depending on my needs: CEX for quick trading and DEX to maintain control of my funds.

What do you think? 🤔 I would love to read your experiences! 🙌

👉 Thank you for reading! 🙏 I hope my post is useful to you.