#CEXvsDEX101 š·ļø #CEXvsDEX101
Whatās the difference between a CEX (Centralized Exchange) and a DEX (Decentralized Exchange)?
A CEX like Binance offers high liquidity, fast transactions, and customer support. Itās perfect for beginners but requires you to trust the platform with your assets. On the flip side, a DEX like Uniswap or PancakeSwap gives you full controlāno KYC, no middlemen. Your keys, your coins. But you trade off convenience, speed, and often face higher slippage or gas fees.
So the real question: Do you value security & privacy (DEX) or speed & simplicity (CEX)?
Some traders even use bothāCEX for fast trades, DEX for long-term decentralization.