#CEXvsDEX101

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are two main platforms for crypto trading. CEXs like Binance or Coinbase act as intermediaries, offering user-friendly interfaces, high liquidity, and faster trades but require users to trust the platform with their funds and personal data. DEXs like Uniswap or PancakeSwap operate without a central authority, allowing peer-to-peer trading through smart contracts. They offer greater privacy and control but may have lower liquidity, slower transactions, and require more technical know-how. Choosing between CEX and DEX depends on your priorities—security and control vs. convenience and speed.