#CEXvsDEX101

Do you know where you are trading? Here I explain the difference 👇

🔵 CEX (Centralized Exchange)

✅ Easier to use

✅ Higher liquidity

❌ You need to do KYC

❌ You don't control your keys

📲 Eg: Binance, Coinbase

🟣 DEX (Decentralized Exchange)

✅ No intermediaries

✅ You control your funds

❌ Sometimes less liquidity

❌ Can be more technical

🦄 Eg: Uniswap, PancakeSwap

🔐 CEX = convenience | DEX = total control

💬 Which one do you use and why?