CEX vs DEX: The neverending discussion

[Aanuoluwatofunmi]

Everyone of us have what we want and deserve going for it, when it comes to exchanges, we should know their differences, because both the centralized and decentralized exchanges do have their advantages and disadvantages and this has to apply on us base on what we wanted to use each one of them for, but we should not later come to tell others about not being informed on their differences before using them.

[JISAN]

Everyone of us have what we want and deserve going for it, when it comes to exchanges, we should know their differences, because both the centralized and decentralized exchanges do have their advantages and disadvantages and this has to apply on us base on what we wanted to use each one of them for, but we should not later come to tell others about not being informed on their differences before using them.

What is the big difference between DEX and CEX? One prioritizes your security and the other prioritizes your personality. You don't need any kind of kyc verification to use DEX but in CEX you must complete the verification because currently all popular exchangers have made kyc mandatory on their platform so without KYC you cannot use a popular CEX. I am not a big crypto investor or trader. So I am not too worried about my privacy. Because of this I use CEX more for regular use.

[KryptoBull]

What is the big difference between DEX and CEX? One prioritizes your security and the other prioritizes your personality. You don't need any kind of kyc verification to use DEX but in CEX you must complete the verification because currently all popular exchangers have made kyc mandatory on their platform so without KYC you cannot use a popular CEX. I am not a big crypto investor or trader. So I am not too worried about my privacy. Because of this I use CEX more for regular use.

Just like you, I prioritize the convenience, low fees, and comprehensive features that CEXs can offer. KYC hasn't been an issue for me, and I'm ready to complete it to be allowed to use the features of CEXs to generate profits when investing in crypto.

Some believe that DEXs are better than CEXs; perhaps they prioritize their anonymity. For the time being, I don't see a significant need for anonymity for myself. CEXs know who I am, and they also don't need to worry about my actions as I explore the features of CEXs.