Cryptowithfaraz

#CEXvsDEX101 — Where Should You Trade?
Choosing between Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) isn't just preference — it's strategy. 🧠
Here’s how I break it down 👇
🔐 CEX Pros
High liquidity
Fast execution
Fiat onramps (Bank to Crypto)
Friendly UI for newbies
⚠️ CEX Cons
Custodial risk (Not Your Keys…)
KYC required
Regulatory clampdowns
🌐 DEX Pros
Full custody of your assets
Permissionless access
No KYC
Often better token variety (early alphas)
🛠️ DEX Cons
Slippage and low liquidity on some pairs
Gas fees (esp. on ETH mainnet)
UI/UX can be overwhelming for beginners
Risk of rug pulls / fake tokens
🎯 My Take?
I use CEXs (like Binance, Coinbase) for quick trades, high-volume pairs, and fiat conversions.
But for on-chain action, airdrops, or access to new gems — I’m on DEXs (Uniswap, PancakeSwap, Jupiter).
📢 Tips for DEX First-Timers:
Double-check token contract addresses (rug protection 101)
Start with small amounts
Watch gas fees – use L2s like Arbitrum or Base
Keep your seed phrase safe (no screenshots!)
✅ TL;DR:
CEX = speed, liquidity, ease
DEX = freedom, control, early access
Smart traders master both. ✨📢
What’s your go-to? 👇
#CryptoTrading #Binance #DEX #DeFi #CEX #NotYourKeysNotYourCoins #Altcoins #Layer2 #Web3