#CEXvsDEX101 Centralized Exchanges (CEXs) like Binance or Coinbase are managed by companies, offering high liquidity, user-friendly interfaces, and customer support. However, they require users to trust the platform with their funds and personal data. In contrast, Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap operate without intermediaries, allowing users to trade directly from their wallets, increasing privacy and control. However, DEXs may have lower liquidity, higher slippage, and limited customer support. CEXs are ideal for beginners, while DEXs attract users seeking decentralization and security. Understanding both helps users make informed decisions in the crypto space.