#CEXvsDEX101 đ CEX vs DEX: What Every Crypto-Investor Should Know đ
In the world of cryptocurrencies, there are two main categories of exchange platforms:
đ CEX (Centralized Exchange)
đ DEX (Decentralized Exchange)
Here is a clear comparison to help you make the right choice according to your needs đ
âïž Control of Funds
CEX: Your funds are managed by a company (e.g., Binance, Coinbase).
DEX: Your keys, your cryptos. The total control is yours.
đ Ease & Speed
CEX: Simple interfaces, quick transactions, dedicated customer service.
DEX: Less intuitive, but offers direct access to many tokens.
đ Security & Privacy
CEX: Risk of hacking, KYC often required.
DEX: More private, but you are solely responsible for the security of your funds.
đ Liquidity & Innovation
CEX: High liquidity, but more regulated.
DEX: Freedom to access emerging projects, but with sometimes lower liquidity.
đ§ To Remember:
"Not your keys, not your coins."
đ If you are looking for simplicity, start with a CEX.
đ If you prioritize autonomy, explore DEX.
