Redwan-Ethio
--
CEX vs DEX 101
$BTC $ETH $XRP #CEXvsDEX101
🧠 CEX vs DEX 101: What’s the Real Difference?
If you're navigating the crypto space, understanding the difference between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) is crucial.
🔸 CEX platforms like Binance offer high liquidity, faster trades, advanced tools, and customer support. However, they are custodial, meaning you trust the platform to hold your assets.
🔸 DEX platforms like Uniswap or PancakeSwap are non-custodial, allowing users to trade directly from their wallets. They're all about decentralization and privacy—but may come with higher gas fees and slower speeds.
Each model has pros and cons. Many traders use both for flexibility and control.
#CEXvsDEX #CryptoBasics #BinanceSquare #Web3Education #BlockchainExplained
🧠 CEX vs DEX 101: What’s the Real Difference?
If you're navigating the crypto space, understanding the difference between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) is crucial.
🔸 CEX platforms like Binance offer high liquidity, faster trades, advanced tools, and customer support. However, they are custodial, meaning you trust the platform to hold your assets.
🔸 DEX platforms like Uniswap or PancakeSwap are non-custodial, allowing users to trade directly from their wallets. They're all about decentralization and privacy—but may come with higher gas fees and slower speeds.
Each model has pros and cons. Many traders use both for flexibility and control.
#CEXvsDEX #CryptoBasics #BinanceSquare #Web3Education #BlockchainExplained
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0