#CEXvsDEX101

Centralized exchanges (CEXs) are platforms like Binance or Coinbase, where a company manages users' assets, providing fast transactions, high liquidity, and customer support. However, users must trust the platform with their funds and data. Decentralized exchanges (DEXs), such as Uniswap or PancakeSwap, operate on blockchain technology, allowing peer-to-peer trading without intermediaries. Users maintain control over their assets but face slower speeds, lower liquidity, and limited support. CEXs are user-friendly and regulated; DEXs offer privacy and decentralization. The choice between them depends on your priorities: convenience and speed (CEX) or privacy and control (DEX). Understand your needs before trading!