#CEXvsDEX101

CEX vs DEX 101 (Binance Edition)

A Centralized Exchange (CEX) like Binance is managed by a company, offering high liquidity, user-friendly interfaces, and customer support. Users trust Binance to manage assets and execute trades. In contrast, a Decentralized Exchange (DEX) operates without intermediaries, allowing peer-to-peer trading via smart contracts. DEXs offer greater privacy and control but may lack liquidity and ease of use. On Binance, users can access both worlds—using its main CEX platform or exploring Binance DEX on the BNB Chain. Ultimately, CEXs prioritize convenience and speed, while DEXs focus on decentralization and user autonomy. Choose based on your priorities.