#CEXvsDEX101

When comparing CEX (Centralized Exchanges) and DEX (Decentralized Exchanges), both have unique strengths and drawbacks.

CEX platforms like Binance or Coinbase offer high liquidity, fast transactions, and user-friendly interfaces. They are great for beginners. However, they require KYC, and users don’t hold their private keys — making funds vulnerable if the exchange gets hacked.

On the other hand, DEX platforms like Uniswap or PancakeSwap promote privacy and full control over assets. No KYC is needed, and users trade directly via smart contracts. But DEXs often suffer from lower liquidity, slower speed, and a slightly complex user experience.

Ultimately, CEX is suitable for convenience and speed, while DEX fits those who prioritize privacy and decentralization.