#CEXvsDEX101
Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) both offer ways to trade crypto, but their structures are very different. CEXs like Binance or Coinbase are operated by companies, offer high liquidity, and provide user-friendly interfaces — but they also require KYC and custody your funds.
On the other hand, DEXs like Uniswap or PancakeSwap are peer-to-peer and offer more privacy, giving you full control over your assets — but they can be harder for beginners and may lack certain protections.
Understanding these differences is crucial for managing your risk and choosing the right platform for your goals.
