Hey mates, good day to y'all
CEX and DEX are two different beasts when it comes to rewarding users. But which one actually offers more goodies??
CEX:
- Trading fees, discounts, and loyalty programs
- Faster transactions and higher liquidity
DEX:
- Token incentives, governance participation, and community love
- Decentralization, security, and community control
Did I miss anything? You can add more. But Do you prefer the traditional approach of CEX or the community-driven vibes of DEX? Let's talk.
I think that it's individual. CEX reward you with many different products but takes away your privacy while DEX rewards you with privacy but doesn't offer you as many products as CEX can and also doesn't offer as high leverage as CEX offers according to my knowledge.
CEXs are also very individual. For example, what you'll see on Binance mightn't be available on Coinbase, OKX or somewhere else. On CEX, you have many choice to make money, by spot trading, futures, stacking, investing, cloud mining and etc... DEXs don't offer many of these but as I said, their benefit is privacy and for many people, it's a huge benefit that outweighs other negative effects.