#CEXvsDEX101 When comparing centralized exchanges (CEXs) to decentralized exchanges (DEXs), it's essential to understand how each operates and what they offer to users. CEXs like Binance provide a user-friendly interface, high liquidity, and advanced trading tools, making them ideal for beginners and professional traders alike. They also offer customer support, faster transactions, and a wide range of crypto pairs. In contrast, DEXs operate without intermediaries, giving users full control over their funds and promoting privacy. However, DEXs can lack liquidity and may be complex for newcomers. Ultimately, the choice depends on your priorities—convenience and support or autonomy and privacy.