#中心化与去中心化交易所 Centralized and Decentralized Exchanges 101

Centralized exchanges (CEX) such as Binance and OKX are managed by the platform, offering simple operations, fast transaction speeds, and strong liquidity, making them suitable for beginners and frequent traders. However, users must entrust their assets to the platform, which carries the risk of theft or freezing. Decentralized exchanges (DEX) such as Uniswap and PancakeSwap allow users to trade directly through their wallets and smart contracts, maintaining control over their assets, with enhanced privacy and no need to trust third parties. However, DEXs may face issues such as high slippage and slow transaction speeds. CEXs focus on efficiency and convenience, while DEXs emphasize security and freedom. Understanding the characteristics of both helps users choose the appropriate trading method based on their needs, allowing for safer participation in the crypto market.