#CEXvsDEX101

Centralized (CEX) vs. Decentralized Exchanges (DEX) – The Basics! 🔥

🔵 CEX (e.g., Binance, Coinbase)
✅ User-friendly
✅ High liquidity
✅ Fiat on/off ramps
⚠️ Custodial (you don’t hold your keys)
⚠️ KYC required

🟢 DEX (e.g., Uniswap, dYdX)
✅ Non-custodial (you control your wallet)
✅ No KYC (privacy-friendly)
✅ Permissionless trading
⚠️ Steeper learning curve
⚠️ Lower liquidity (in some cases)

Which do you prefer? Drop your thoughts below! ⬇️

#Crypto #DeFi