#CEXvsDEX101 đ
Still unsure about the difference between CEX and DEX? Letâs simplify it for you đ
đŒ CEX (Centralized Exchange)
đą Operated by companies like Binance, Coinbase
đȘȘ KYC required (ID verification)
⥠Fast trades & deep liquidity
đ Customer support available
đ But... your assets are held by the exchange
đ DEX (Decentralized Exchange)
đ Peer-to-peer platforms like Uniswap, PancakeSwap
đ¶ïž No KYC â more privacy
đ Full control over your funds
âł Slower execution, may have lower liquidity
â ïž No support if you make a mistake
đĄ CEX = Ease & support | DEX = Freedom & control
Which side are you on? Drop your thoughts below đ
$TON #Binance #CryptoBasic #Web3

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