š CEXvsDEX101: Whatās the Difference? š§
Centralized Exchanges (CEXs) like Binance offer user-friendly interfaces, high liquidity, and robust customer supportāideal for beginners. Your assets are managed by the exchange, ensuring faster trades and advanced tools.
Decentralized Exchanges (DEXs), on the other hand, let you trade directly from your walletāno intermediaries. They're permissionless and offer greater privacy, but come with risks like slippage, lower liquidity, and no recovery options if you lose access.
š” Choose CEX for convenience, DEX for control.
Which do you prefer?