#CEXvsDEX101 CEX vs DEX 101
Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are two major platforms in crypto trading. CEXs, like Binance or Coinbase, are user-friendly, offer high liquidity, and support fiat transactions, but require users to trust a third party with their funds. In contrast, DEXs like Uniswap or PancakeSwap enable peer-to-peer trading without intermediaries, offering more privacy and control. However, they often have lower liquidity, limited trading pairs, and require more technical knowledge. The choice between CEX and DEX depends on individual priorities—whether one values convenience and speed or decentralization and self-custody of assets. Both have unique roles in the crypto ecosystem.
