#CEXvsDEX101

#CEXvsDEX101

CEX vs DEX: WHATS THE MAIN DIFFERENCES?

📩 Centralized Exchanges (CEX)

CEX (Centralized Exchange) is a crypto trading platform managed by a central authority, where users trade through the exchange’s internal system. It offers high liquidity and user-friendly interfaces but requires users to trust the platform with their funds. Their main Features are

✅ Easy to use

✅ High liquidity

đŸš« You don’t control your keys

đŸš« Prone to hacks & regulations

Example: Binance, Coinbase

🔓 Decentralized Exchanges (DEX)

DEX (Decentralized Exchange) is a peer-to-peer marketplace where users trade directly from their wallets using smart contracts. It offers greater privacy and control but may involve higher complexity and lower liquidity. Their main Features are

✅ Full control of your funds

✅ Privacy-focused

đŸš« Slower & complex for newbies

đŸš« Lower liquidity

Example: Uniswap, PancakeSwap

🎯 Quick Tip:

Use CEX for speed & convenience

Use DEX for privacy & true ownership

💬 Which one do YOU trust more with your crypto? 👇

#Crypto101 #CEXvsDEX #CryptoEducation #BinanceSquare #Web3