#CEXvsDEX101 CEX vs. DEX: Key Differences

Centralized exchanges (CEXs), like Binance or Coinbase, act as intermediaries, offering high liquidity, fast transactions, and user-friendly interfaces.

However, they require KYC and control users' funds.

Decentralized exchanges (DEXs), such as Uniswap or PancakeSwap, operate on blockchains without intermediaries.

Users trade peer-to-peer via smart contracts, maintaining custody of their assets. DEXs prioritize privacy and decentralization but may have lower liquidity and a steeper learning curve.