#CEXvsDEX101 **#CEXvsDEX101**

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are platforms for trading cryptocurrencies, but they differ in control and functionality. CEXs like Binance or Coinbase are operated by companies that manage user accounts, funds, and order books. They're user-friendly and offer fast transactions but require trust in the platform. DEXs like Uniswap or PancakeSwap run on blockchain smart contracts, giving users full control of their assets and privacy. However, they may have higher fees, slower speeds, and complex interfaces. Ultimately, CEX offers convenience, while DEX ensures decentralization and autonomy. Your choice depends on your priorities: ease or control.