#CEXvsDEX101 One of the most important decisions in crypto trading is selecting between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX). Each has unique strengths and weaknesses, and the right choice often depends on your priorities—whether it's speed, control, security, or anonymity.

🔹 CEX (Centralized Exchange)

Pros:

High liquidity and fast execution

User-friendly interface

Fiat on/off ramps

Customer support

Cons:

Custodial (you don’t hold your keys)

Subject to regulations and potential freezes

Targets for hacks

🔹 DEX (Decentralized Exchange)

Pros:

Full control of your funds

Greater privacy and permissionless access

Wide range of tokens, especially early-stage projects

Cons:

Requires wallet and gas fee knowledge

Slower transactions and potential for failed swaps

Lower liquidity on smaller assets

My preference?

CEX for speed, high-volume trading, and fiat integration.

DEX for accessing niche tokens, self-custody, and when privacy matters.

Key factors to consider:

Security (do you trust the platform?)

Liquidity (can you enter/exit positions smoothly?)

Control (are you comfortable managing your keys?)

Fees and slippage

Advice for DEX beginners:

Triple-check token contracts to avoid scams

Understand how to use wallets like MetaMask or Trust Wallet

Have ETH/BNB/MATIC ready for gas fees

Start small to get familiar with the process