#CEXvsDEX101 Centralized exchanges (CEX) and decentralized exchanges (DEX) are two primary platforms for cryptocurrency trading, each offering distinct advantages and considerations.

Centralized Exchanges (CEX): Platforms like Binance and Coinbase are operated by centralized entities that manage user funds and transactions. They offer user-friendly interfaces, high liquidity, and fiat-to-crypto trading options. However, users must trust the platform with their assets, and these exchanges are susceptible to hacks and regulatory scrutiny.

Decentralized Exchanges (DEX): Platforms such as Uniswap and PancakeSwap operate without a central authority, allowing users to trade directly from their wallets. They provide greater privacy and control over funds, but may have lower liquidity and higher transaction fees due to blockchain processing.

Choosing between a CEX and a DEX depends on individual priorities like ease of use, control over assets, and trading need.