#CEXvsDEX101 🔍
New to crypto? Let’s break down the difference between Centralized and Decentralized exchanges.
🔵 CEX (Centralized Exchange)
Think Binance, Coinbase, Kraken — easy to use, high liquidity, but you trust a third party to hold your assets.
✅ Pros:
User-friendly interface
Fast execution & high liquidity
Customer support
⚠️ Cons:
Requires KYC (ID verification)
Not your keys, not your coins
---
🟣 DEX (Decentralized Exchange)
Think Uniswap, PancakeSwap — no sign-ups, no middlemen, and full control of your funds.
✅ Pros:
No KYC
Full wallet control
Greater privacy
⚠️ Cons:
Higher gas fees
Steeper learning curve
Lower liquidity for some tokens
---
🎯 TL;DR:
CEX = Convenience & Liquidity
DEX = Freedom & Privacy
Choose based on your goals — or use both strategically. 🔁
