#NasdaqETFUpdate the #CEXvsDEX101 🔁 – Centralized vs Decentralized Exchanges: What’s the Difference?

Not all crypto exchanges work the same way. Here's a quick breakdown to help you choose what fits you best:

🏛️ Centralized Exchange (CEX) – e.g., Binance

✅ Easy to use

✅ High liquidity & fast transactions

✅ Customer support

🔐 Custodial – the platform holds your assets

🧾 KYC required (most of the time)

🌐 Decentralized Exchange (DEX) – e.g., Uniswap, PancakeSwap

✅ You control your keys

✅ No sign-ups or KYC

✅ Peer-to-peer swaps

⚠️ Lower liquidity & slower speeds

⚠️ Higher risk of user error

💬 CEX = Simplicity & support

💬 DEX = Full control & privacy

🔍 Want the best of both worlds? Use them strategically based on your needs!

👇 Which one do you prefer and why? Let’s hear it in the comments!

#Binance #CryptoEducation #CryptoTrading #Web3Basics #DecentralizedFinance #CryptoTips #CEXvsDEX101