#CEXvsDEX101

CEX is beginner-friendly; DEX needs expertise. Liquidity: CEX is highly liquid; DEX can have lower liquidity. Fees: CEX has higher platform fees; DEX has lower fees but gas costs.

Crypto exchange Binance has debuted centralized exchange (CEX) to decentralized exchange trades (DEX), allowing customers to use funds from their Binance wallets to execute DEX trades — eliminating the need for asset bridging or manual transfers.

While decentralised exchanges (DEXs) offer greater security than centralised exchanges (CEXs), they still come with risks. Knowing these risks helps you take the right steps to protect your crypto assets. Since DEX users have full control over their private keys, it's crucial to store them safely.

CEXs (Centralized Exchanges): Platforms like Coinbase or Binance act as middlemen, managing trades and funds. They’re beginner-friendly, offer high liquidity, and provide customer support. However, they require ID verification, charge higher fees, and control your funds (not your keys, not your crypto).

DEXs (Decentralized Exchanges): Platforms like Uniswap or PancakeSwap let you trade directly from your wallet, giving you full control and privacy. They have lower fees, no sign-ups, and access to niche tokens. But they can be less user-friendly, lack customer support, and require technical knowledge.