#CEXvsDEX101
#CEXvsDEX101 refers to a fundamental discussion in the crypto space: the comparison between centralized exchanges (CEX) and decentralized exchanges (DEX). CEX platforms like Binance or Coinbase offer ease of use, high liquidity, and support services, but involve trusting your funds to a third party. On the other hand, DEX platforms like Uniswap or PancakeSwap prioritize self-custody and resistance to censorship, allowing direct exchanges between users. However, their interface can be more complex and liquidity may sometimes be lower. Understanding these differences is key to operating in the ecosystem.