#CEXvsDEX101

Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are two main types of cryptocurrency trading platforms. CEXs, like Binance or Coinbase, are operated by companies that manage users' funds and transactions. They offer high liquidity, user-friendly interfaces, and customer support but require users to trust the platform with their assets. In contrast, DEXs like Uni swap or Pancake Swap run on blockchain networks and allow peer-to-peer trading without intermediaries. Users retain control of their private keys, enhancing security and privacy. However, DEXs may suffer from lower liquidity, slower trades, and limited support. Choosing between them depends on your priorities: convenience or control.

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