Choosing between a CEX and a DEX is one of the first big decisions in your crypto journey. Here’s what I’ve learned:
🔐 CEX Pros:
Beginner-friendly interface
Deep liquidity = faster execution
Fiat on/off ramps and customer support
Cons: You don’t fully control your crypto. Potential for hacks, withdrawal halts, or platform failure.
🌐 DEX Pros:
You control your keys = you control your funds
Greater privacy (often no KYC)
Access to emerging or niche tokens
Cons: Can feel complex for new users, subject to slippage and gas fees.
🧠 My Rule of Thumb:
I use CEXs when I need speed, convenience, or fiat services.
I use DEXs when I want security, privacy, or to explore DeFi opportunities.
💡 First Time Using a DEX? Here’s Some Advice:
1. Start small. Send a small test amount first to get comfortable.
2. Use verified token contracts. Always check the official source (e.g., CoinGecko, project websites).
3. Be mindful of gas fees. Especially on Ethereum — avoid peak congestion times.
4. Learn to read the transaction preview. Know what you're signing.
5. Use tools like DeBank or Zerion to monitor your portfolio across wallets.
📌 The more you understand the strengths and risks of each exchange type, the more confidently you can trade.
Which do you trust more — CEXs or DEXs?
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ur thoughts👇
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