#CEXvsDEX101 **CEX vs DEX 101 🔄🧠**

Centralized Exchanges (CEX) like Binance 🏦 rely on third parties to manage your crypto, offering speed & ease 🚀.

Decentralized Exchanges (DEX) like Uniswap & PancakeSwap 🌐 let users trade peer-to-peer with full control 🔐.

On CEXs, your assets like BTC, ETH, or XRP 🪙 are held in exchange wallets — fast, but trust-dependent 🤝.

DEXs use smart contracts 🤖 for tokens like SOL, AVAX, or MATIC, giving you full custody 🔑.

Binance is a **centralized exchange** (CEX) ⚙️, although it supports some decentralized tools like Binance DEX 🌉.

Choose DEX for privacy 🔍 and control, CEX for convenience 📲 and volume. Both have pros & cons ⚖️.