#CEXvsDEX101
๐ #CEXvsDEX101 | The difference between centralized and decentralized platforms in brief:
๐ CEX (Centralized Exchange):
โ A broker between you and the market
โ Easy and fast interface
โ Direct technical support
โ Controls your funds
โ Requires verification (KYC)
๐ DEX (Decentralized Exchange):
โ Full control of your wallet
โ No verification or intermediary
โ Higher privacy and security
โ Requires more experience
โ Sometimes slower
๐ Which is better?
๐ธ For beginners: CEX is better for its simplicity
๐ธ For experienced users and wallet holders: DEX gives you complete freedom
๐ก Tip:
Use both wisely according to your goal, and diversify your risks!
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