#CEXvsDEX101 Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) each have their pros and cons. CEXs like Binance or Coinbase offer user-friendly interfaces, high liquidity, and fast transactions—but require you to trust a third party with your funds. DEXs like Uniswap or PancakeSwap let you trade directly from your wallet, giving you full control and more privacy, though they may have higher slippage or lower liquidity. Security, custody, fees, and accessibility vary between the two. Understanding when to use each is crucial for effective crypto trading. Do you value convenience or control more? Know the difference, and choose wisely depending on your needs and goals.