#CEXvsDEX101 #CEXvsDEX101 .

🔒 Centralized exchanges (CEX) like Binance and Coinbase provide an easy interface and customer support services, but they hold your private keys, meaning you do not have full control over your funds. They are often faster and more liquid, but are susceptible to hacks or freezing by regulators.

🛡️ Decentralized exchanges (DEX) like Uniswap and PancakeSwap give you complete control over your funds through non-custodial wallets. You do not need to verify your identity, making them an excellent option for privacy, but they can be more complex for beginners.