#CEXvsDEX101

A quick guide to Centralized vs. Decentralized Exchanges:

**CEX (Centralized Exchange)** like Binance or Coinbase is run by a company. It offers high liquidity, fast transactions, user-friendly interfaces, and customer support. However, users must trust the platform with their funds and data, making it vulnerable to hacks or censorship.

**DEX (Decentralized Exchange)** like Uniswap or PancakeSwap runs on blockchain via smart contracts. It offers more privacy, user control over funds, and is censorship-resistant. But it can have lower liquidity, slower speeds, and higher learning curves.

Your choice depends on security, control, convenience, and trust preferences.