#CEXvsDEX101
What is the difference between centralized exchanges and decentralized exchanges? #CEXvsDex101 is the key for anyone who wants to know where to trade:
CEX (Binance, Coinbase) – full services, ease of use, liquidity, but require KYC and hold your funds centrally. Ideal for pros and less tech-savvy users.
DEX (Uniswap, PancakeSwap) – no registration, anonymous, but you have to take care of your wallet and private keys, smaller volumes, slippage, gas fees. No support for fiat deposits.
I use both – CEX for quick trades, deposits, and stablecoins; DEX for DeFi tokens, farming, and new projects. Experiment, but remember: manage your wallet, watch for slippage and fees. Security first. #CEXvsDex101 #CEXvsDex101 style – anonymous and DeFi, or convenience and liquidity of CEX?