#CEXvsDEX101
Centralized Exchanges (CEXs) like Binance and Coinbase act as intermediaries, offering high liquidity, fast transactions, and user-friendly interfaces. However, they require users to trust third parties with their funds and data. Decentralized Exchanges (DEXs) such as Uniswap and PancakeSwap enable peer-to-peer trading without intermediaries, offering greater privacy and control. Yet, DEXs may have lower liquidity, higher slippage, and complex interfaces. CEXs are ideal for beginners and frequent traders, while DEXs empower users seeking autonomy and decentralization. Understanding both is essential for navigating the evolving crypto landscape and choosing platforms aligned with your goals.
