#CEXvsDEX101 CEXvsDEX101

#CEXvsDEX101 Centralized exchanges (CEX) like Binance and Coinbase, and decentralized exchanges (DEX) like Uniswap and PancakeSwap. The fundamental difference between them lies in control, security, and privacy.

✅ Centralized exchanges (CEX):

- Easy to use for beginners.

- Support fiat/cryptocurrency transfers.

- Subject to regulations that may provide some protection.

- However, they require trust in a third party (depositing funds into the platform).

🛡️ Decentralized exchanges (DEX):

- You do not control your funds (you are solely responsible for your wallet).

- Direct trading between users without an intermediary.

- Highest level of privacy.

- However, they can be complex for beginners and lack support for traditional currencies.

Which one will you choose?

- If you prefer ease and high liquidity, then CEX is your choice.