#CEXvsDEX101

In the world of cryptocurrency, it is important to understand the difference between CEX (Centralized Exchange) and DEX (Decentralized Exchange) before starting to trade. CEX such as Binance, Coinbase, or Bybit is managed by third parties that are responsible for regulating, storing assets, and facilitating buying and selling between users. The advantages are ease of use, high liquidity, and centralized security features. Meanwhile, DEX such as Uniswap, PancakeSwap, and SushiSwap allows users to transact peer-to-peer without intermediaries, giving full control over their assets. While DEX offers more privacy and is free from third-party control, users need to be more knowledgeable about personal wallets and digital asset security. Understanding the advantages and risks of both is very important before starting crypto trading. 📈🔐

#CEXvsDEX101