#CEXvsDEX101

In the world of cryptocurrencies, it is important to understand the difference between centralized exchanges (CEX) and decentralized exchanges (DEX).

Centralized exchanges like Binance and Coinbase provide high liquidity and a simple user experience, but they require trust in a central entity to hold your funds.

On the other hand, decentralized exchanges like Uniswap and PancakeSwap do not require intermediaries, giving you complete control over your assets, but they may be less user-friendly for beginners and lack technical support.

The choice between them depends on your needs: if you prefer security and control, DEX is a good option, and if you are looking for convenience and speed, CEX may suit you better.