#CEXvsDEX101 Centralized exchanges (CEX) and decentralized exchanges (DEX) both let you trade crypto, but they work differently. CEXs are run by companies that manage your trades and funds, offering easy-to-use platforms and deep liquidity. They’re great for beginners but rely on trusting the platform. Examples include Binance and Coinbase. DEXs, like Uniswap, let you trade directly with others through smart contracts, so you keep control of your funds. They’re more private and can’t be easily shut down, but can have higher fees and lower liquidity. CEXs offer convenience and security, while DEXs provide privacy and true ownership.