#CEXvsDEX101

**CEX (Centralized Exchanges)** like Binance and Coinbase provide fast and user-friendly trading, but they require identity verification and store assets on their servers, making them vulnerable to hacking.

**DEX (Decentralized Exchanges)** like Uniswap and PancakeSwap allow direct trading between wallets without intermediaries or verification, giving you full control over your funds, but they are less user-friendly for beginners and may lack liquidity.

In summary:

**CEX** = Ease + Speed + Relative Security, but they are centralized.

**DEX** = Freedom + Privacy + No Intermediaries, but they require more technical knowledge.