#CEXvsDEX101 #CEXvsDEX101

Centralized Exchanges (#CEX) and Decentralized Exchanges (#DEX) serve the same purpose—trading crypto—but operate differently. CEXs like Binance or Coinbase are managed by companies, offering user-friendly interfaces, high liquidity, and customer support. However, they require trust and often involve KYC. DEXs like Uniswap or PancakeSwap are peer-to-peer, offering more privacy and control over funds, with no central authority. But they may have lower liquidity and steeper learning curves. Your choice depends on priorities: ease and speed (#CEX) or control and privacy (#DEX). Know the pros and cons before trading. #Crypto #Blockchain #DeFi #CryptoTrading #Web3