#CEXvsDEX101

CEX vs DEX 101

Centralized Exchanges (CEXs) like Binance and Coinbase act as intermediaries, offering user-friendly platforms, high liquidity, and fast trades. However, they require users to trust the platform with their funds and personal data.

Decentralized Exchanges (DEXs) like Uniswap and PancakeSwap operate without intermediaries, allowing peer-to-peer trading via smart contracts. They offer greater privacy and control but may have higher fees, slower trades, and a steeper learning curve.

In short:

CEX = Convenience & speed, but custodial

DEX = Privacy & control, but DIY

Choose based on your priorities: ease vs autonomy.