đ Pros & Cons
CEX: Fast trades, deep liquidity, 24/7 supportâbut custodial risk & KYC.
DEX: Self-custody & privacy, permissionless tokensâbut slippage, on-chain fees, UI friction.
đ„ My Preference
CEX: Day-trading, high-frequency strategies, fiat ramps.
DEX: Long-term holds, token farming, frontier assets.
âïž Choosing Factors
1. Security: Do I trust a third party?
2. Liquidity: Can I execute my order size?
3. Token Access: Is the asset only on-chain?
4. Compliance: Need KYC/AML or privacy?
đĄ DEX Newbie Tips
1. Start smallâtest with minimal funds.
2. Learn to set gas limits & slippage tolerances.
3. Use a reputable wallet & double-check contract addresses.
4. Beware impermanent loss on AMM pools.