#CEXvsDEX101 CEX (Centralized Exchange)
Think Binance, Coinbase, etc. These platforms are easy to use, fast, and perfect for beginners. You just sign up, do your KYC, and start trading.
✅ Great for quick trades, customer support, and high liquidity.
❌ But… they control your keys, meaning you're trusting a third party with your funds. Also, privacy takes a hit.
🔸 DEX (Decentralized Exchange)
This is where you stay in control – Uniswap, PancakeSwap, etc. No account needed, no KYC. You connect your wallet and trade directly.
✅ Full control over your assets and more privacy.
❌ But it’s not beginner-friendly. There can be high gas fees, and less liquidity on some tokens.
🎯 My view?
#Tradersleague CEX is great for fast, simple trades and for those starting out.
DEX is ideal if you value privacy and ownership over convenience.
Know your goals, know the risks. The beauty of crypto is that you choose your path. 🚀
#CryptoEducation #CEXvsDEX #CryptoBasics #DecentralizedFinance
#OwnYourKeys