#CEXvsDEX101 Centralized Exchanges (CEXs) like Binance and Coinbase offer user-friendly platforms, high liquidity, and fast trades, but require trust in a third party and often demand KYC. In contrast, Decentralized Exchanges (DEXs) like Uniswap and PancakeSwap let users trade directly from wallets, offering greater privacy and control. DEXs reduce custodial risk but may have lower liquidity, slower transactions, and no customer support. CEXs suit beginners; DEXs favor experienced users valuing decentralization. Understanding both helps navigate the crypto space securely and efficiently. Choose based on your needs: convenience or control, speed or sovereignty. Many use both strategically.
