#CEXvsDEX101 #CEXvsDEX101

Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are platforms for trading cryptocurrencies. CEXs like Binance or Coinbase are operated by companies, offering fast trades and user support but require users to trust the platform with their funds. DEXs, such as Uniswap or PancakeSwap, let users trade directly from their wallets without intermediaries, offering more privacy and control. However, they can be harder to use and lack customer support. CEXs are ideal for beginners, while DEXs suit experienced users who value decentralization. Each has pros and cons—your choice depends on what matters more: convenience or control.