#CEXvsDEX101 🏛️🔄 CEX vs DEX – What's the Difference?

Whether you're new to crypto or brushing up on the basics, understanding Centralized Exchanges (CEXs) vs Decentralized Exchanges (DEXs) is key to navigating the market.

Here’s a quick breakdown:

🔹 Centralized Exchange (CEX)

Examples: Binance, Coinbase, KuCoin

✅ User-friendly

✅ High liquidity & fast trades

✅ Customer support

❌ You don’t hold your private keys

❌ Subject to regulations and possible shutdowns

🔸 Decentralized Exchange (DEX)

Examples: Uniswap, PancakeSwap, dYdX

✅ You control your funds

✅ Permissionless – trade directly from your wallet

✅ Lower risk of centralized hacks

❌ Less beginner-friendly

❌ Can have lower liquidity and slower execution

🔐 CEX = Convenience & Speed

🌐 DEX = Control & Privacy

#CEXvsDEX101 #defi #cryptotrading #financialfreedom

#CEXvsDEX101