🔍 CEX vs DEX 101: What’s the Difference? 🤔

Whether you're new to crypto or brushing up your knowledge, here's your quick guide to the two main types of crypto exchanges 👇

🏛️ Centralized Exchanges (CEX)

✅ Examples: Binance, Coinbase, Kraken

✅ User-Friendly: Great for beginners

✅ High Liquidity: Fast trades with deep order books

✅ Custodial: Your assets are stored by the exchange

❌ Regulatory Risk: Subject to government oversight

❌ Not fully anonymous

🌐 Decentralized Exchanges (DEX)

✅ Examples: Uniswap, PancakeSwap, dYdX

✅ Non-Custodial: You control your private keys

✅ Permissionless: No KYC required on most

✅ Transparent: Trades happen on-chain

❌ Slower Speeds (compared to CEX)

❌ Lower Liquidity (for lesser-known tokens)

🎯 TL;DR

• Choose CEX if you want ease of use, fast execution, and fiat ramps.

• Choose DEX if you want full control, privacy, and a decentralized experience.

📢 Smart traders use both — depending on the situation. Knowledge is your best asset. 🧠💰

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