#CEXvsDEX101
Centralized Exchange managed by an entity like Binance, Coinbase, Kraken. You entrust your money to the platform and it executes trades on your behalf.
DEX (Decentralized Exchange):
A decentralized exchange that operates through smart contracts like Uniswap, PancakeSwap, dYdX. There is no entity controlling your funds – you trade directly from your wallet.
