#CEXvsDEX101

CEXvsDEX101 breaks down the key differences between Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs).

1. CEXs, like Binance or Coinbase, are managed by companies, offering user-friendly interfaces, high liquidity, and customer support—but users must trust the platform with their funds.

2. DEXs, like Uniswap or PancakeSwap, allow peer-to-peer trading directly from wallets, offering greater privacy and control.

However, they may have lower liquidity, higher fees, and steeper learning curves.

CEXs suit beginners and active traders; DEXs appeal to those prioritizing decentralization and custody.

Understanding both helps traders choose platforms that align with their goals, experience, and security preferences.