🏛️ Centralized (CEX) vs Decentralized (DEX) exchanges: #CEXvsDEX#

In the world of cryptocurrencies, the choice between centralized (CEX) and decentralized (DEX) exchanges is one of the first dilemmas for beginners 🤔. Let's figure out the difference, pros, and cons of each option 🔍.

🔹 CEX — Centralized Exchanges
All operations go through the central company 🏢

Pros:

💨 Fast transactions

📈 High liquidity

📱 User-friendly interfaces

🛡️ Account support and protection

Cons:

🔐 You do not control your private keys ("not your keys — not your coins")

⚠️ Risks of blocking/regulation

🕵️ KYC is required ( before transferring personal data )

🔸 DEX — Decentralized Exchanges
Examples: Uniswap, PancakeSwap, 1inch, dYdX How it works: Exchanges occur directly between users through smart contracts 🧠🔗

Pros:

🔑 Full control over funds

🧅 Anonymity — no registration and KYC

🛠️ Access to any tokens ( including new ones )

Cons:

🐌 They may be slower

📉 Less liquidity

👨‍🔬 It is necessary to understand how to use wallets (MetaMask, etc.)

🧠 What to choose?
Convenience✔️ High⚠️ Need to figure outSecurity🛡️ Only with 2FA/KYC🔐 Depends on youControl over funds❌ No✔️ Full controlAvailability⚠️ May be limited🌐 Available everywherePrivacy❌ KYC✔️ Anonymity