#CEXvsDEX101

**CEX vs. DEX 101**

Centralized exchanges (CEX) like Binance and Coinbase are managed by companies, offering high liquidity, fast trades, and user-friendly interfaces. However, they require KYC, control user funds, and are prone to hacks.

Decentralized exchanges (DEX) like Uniswap and PancakeSwap operate on blockchains, enabling peer-to-peer trading without intermediaries. Users retain control of their funds via wallets like MetaMask, ensuring privacy and security. However, DEXs face liquidity fragmentation, slippage, and complex interfaces for beginners.

CEX suits beginners and traders needing speed, while DEX appeals to privacy-focused, non-custodial users. Both play key roles in crypto’s evolution. #DeFi #Crypto