#CEXvsDEX101 #CEXvsDEX101

Centralized Exchanges (CEXs) like Binance and Coinbase are managed by companies, offering user-friendly interfaces, high liquidity, and customer support. However, they require users to trust a third party with their funds and personal data.

Decentralized Exchanges (DEXs) like Uniswap and PancakeSwap allow peer-to-peer crypto trading without intermediaries. They prioritize privacy and self-custody but may have lower liquidity and steeper learning curves.

CEXs are great for beginners; DEXs offer more control to experienced users.

Choosing between them depends on your priorities—convenience and support (CEX) vs. autonomy and privacy (DEX).

Know the trade-offs. Trade smart.