#CEXvsDEX101

**CEX vs DEX 101: Understanding the Basics**

Centralized Exchanges (CEX) like Binance or Coinbase act as intermediaries, offering fast trades, high liquidity, and user-friendly interfaces—but require users to trust the platform with their funds. In contrast, Decentralized Exchanges (DEX) like Uniswap or PancakeSwap let users trade directly from their wallets, ensuring full control and privacy. DEXs are permissionless and often lower in fees but may have lower liquidity and steeper learning curves. Choosing between CEX and DEX depends on your priorities: convenience and speed vs. decentralization and control. Both play key roles in the evolving crypto landscape. Know the difference, trade smart!