When entering the world of crypto trading, one of the first decisions you’ll face is choosing between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX). Understanding the difference is key. CEXs like Binance or Coinbase act as intermediaries, offering user-friendly interfaces, faster transactions, and customer support. However, they require users to trust a third party with their funds and personal data. DEXs, such as Uniswap or PancakeSwap, offer peer-to-peer trading without middlemen, giving users full control of their assets. They’re more private and secure, but may lack convenience and liquidity. Choose what fits your priorities best.
