#CEXvsDEX101

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🏛️ vs 🌐 #CEXvsDEX101

Centralized Exchange (CEX) vs Decentralized Exchange (DEX)

Which one suits your crypto journey better? Let’s break it down 👇

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⚙️ What is a CEX?

A Centralized Exchange is run by a company (like Binance, Coinbase, Kraken).

It acts as a middleman that holds your funds and facilitates your trades.

✅ Pros:

Easy to use

High liquidity

Customer support

Advanced trading tools

❌ Cons:

You don’t hold your private keys

Vulnerable to hacks or shutdowns

Requires KYC/identity verification

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🌀 What is a DEX?

A Decentralized Exchange (like Uniswap, PancakeSwap) allows users to trade peer-to-peer, without an intermediary.

You stay in full control of your funds.

✅ Pros:

No KYC

Fully self-custodial

Great for DeFi access

❌ Cons:

Less liquidity for some tokens

Harder for beginners

Higher risk of slippage or scam tokens

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🔑 The Core Difference:

> CEX = Convenience & Support

DEX = Privacy & Control

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💡 Pro Tip:

Many crypto users use both depending on their needs.

Use a CEX to on-ramp and off-ramp.

Use a DEX to dive deeper into DeFi or trade new tokens early.

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What do YOU use more — CEX or DEX?

Drop your thoughts ⬇

#CEXvsDEX101 #CryptoBasics #CryptoEducation #BinanceSquare #CryptoTrading #DEX #CEX

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