#CEXvsDEX101
🏛 Centralized Exchange (CEX)
✅ Advantages:
Easy to use: ideal for beginners (Binance, Bybit, OKX…).
High liquidity: quick buying and selling.
More features: margin trading, bots, futures, staking, recurring orders, etc.
Customer support: you can contact if you have a problem.
❌ Disadvantages:
You don’t control your funds (key: "not your keys, not your crypto").
It is subject to regulations, blockades, and censorship.
It can be hacked or shut down (like FTX).
🌐 Decentralized Exchange (DEX)
✅ Advantages:
You control your funds (trading from your wallet: MetaMask, Trust Wallet…).
No need for KYC (registration with documents).
More privacy and freedom.
Access to new or presale tokens before they are available on CEX.
❌ Disadvantages:
More complex: not recommended if you are a beginner.
Low liquidity in some pairs: slower purchases and large spreads.
Network fees (gas fees) can be high (especially on Ethereum).
No support if you make a mistake (send incorrectly = lose funds).
🆚 Which is better?
It depends on what you need:
You are... You are better off with...
Beginner ✅ CEX (centralized)
Active trader ✅ CEX (more tools)
Decentralized HODLer ✅ DEX (safer and freer)
Looking for rare or presale tokens ✅ DEX (more variety)
Don’t want to use KYC ✅ DEX
💡 Best for many: use both depending on the occasion.
CEX for quick trading or with USDT.
DEX for storing, swapping new tokens, or having total control.