#CEXvsDEX101 Centralized exchanges (CEXs) like Binance and Coinbase act as intermediaries, offering high liquidity, fast transactions, and user-friendly interfaces. However, they require KYC, hold users’ funds, and are vulnerable to hacks.

Decentralized exchanges (DEXs) like Uniswap and PancakeSwap operate on blockchains, enabling peer-to-peer trading without middlemen. Users retain control of their funds via wallets like MetaMask, ensuring privacy and security. However, DEXs often have lower liquidity, slower speeds, and complex interfaces for beginners.

CEX Pros: Easier for newcomers, better liquidity.

DEX Pros: No KYC, non-custodial, trustless.

Choose CEX for convenience, DEX for decentralization and privacy.