#CEXvsDEX101 Here is a short guide #CEXvsDEX101 — the difference between centralized and decentralized exchanges:

⸻

🏦 CEX (Centralized Exchange)

🔹 Example: Binance, Bybit, OKX

🔹 You trade through an intermediary (exchange)

🔐 The exchange holds your funds

Pros:

✅ High liquidity

✅ Fast transactions

✅ User-friendly interface, support

Cons:

⚠️ Not your keys — not your crypto

⚠️ Risk of freezing or hacking

⸻

🌐 DEX (Decentralized Exchange)

🔹 Example: Uniswap, PancakeSwap

🔹 You trade directly from your wallet

🔐 You have full control over your funds

Pros:

✅ Complete anonymity

✅ No intermediaries

✅ Control over private keys

Cons:

⚠️ Lower liquidity

⚠️ No support

⚠️ Network fees can be high

⸻

🧠 Conclusion:

🔹 CEX — convenient for beginners

🔹 DEX — safer for experienced traders and long-term storage

📌 Ideally — combine both, depending on your goals.