#TrumpTariffs #CEXvsDEX101 📢 #CEXvsDEX101 | Learn about the difference between centralized and decentralized exchanges!

In the world of cryptocurrencies, it is important to distinguish between centralized exchanges (CEX) and decentralized exchanges (DEX). Centralized exchanges like Binance and Coinbase are managed by companies that act as intermediaries between sellers and buyers, providing high liquidity and fast execution of trades, but they require identity verification (KYC) and store assets within the platform, which may expose users to risks of hacking or freezing.

On the other hand, decentralized exchanges like Uniswap and PancakeSwap rely on smart contracts and do not require an intermediary, giving users complete control over their funds and privacy. However, they may suffer from lower liquidity and high gas fees on some networks.

The choice between CEX and DEX depends on your needs: do you prefer security and control, or speed and convenience? Share your opinion!

#Cryptocurrency #DeFi #CryptoEducation #Web3