#CEXvsDEX101 In the world of cryptocurrencies, centralized exchanges (CEX) and decentralized exchanges (DEX) offer very different experiences. CEXs, like Binance or Coinbase, are platforms managed by companies that provide high liquidity, speed, and customer support, but require trust in third parties and identity verification. In contrast, DEXs, like Uniswap or PancakeSwap, allow trading between peers directly from personal wallets, prioritizing privacy and total control of funds, although with lower liquidity and variable speed. The choice depends on the balance between convenience and decentralization. Understanding the differences is key to operating safely and efficiently in the crypto ecosystem.