#CEXvsDEX101🔥 **#CEXvsDEX101🔥 | Choosing the Right Exchange on Binance Square**

What’s the difference between a **CEX (Centralized Exchange)** and a **DEX (Decentralized Exchange)**?

🔹 **CEX (e.g., Binance)**:

* Faster trades & higher liquidity

* User-friendly interface

* Centralized control = easier recovery but less privacy

🔹 **DEX**:

* You control your keys

* More privacy & transparency

* Slower trades, lower liquidity

CEX is great for beginners and active traders. DEX suits DeFi enthusiasts who value self-custody.

Both have pros and cons — choose what fits your strategy.