#CEXvsDEX101 Centralized Exchanges (CEXs) like Binance offer high liquidity, fast transactions, and user-friendly interfaces, making them ideal for beginners. However, they require users to trust the platform with their funds. Decentralized Exchanges (DEXs) prioritize privacy and control, allowing peer-to-peer trading without intermediaries. While DEXs promote autonomy, they may lack speed and liquidity. The choice depends on your priorities: convenience and speed or privacy and control. Both serve unique purposes in the crypto space and can complement each other in a balanced portfolio. Learn the pros and cons to make informed trading decisions.
