#CEXvsDEX101 : Centralized Exchanges (CEXs) are platforms like Binance or Coinbase, where a central authority manages user assets and transactions. They offer high liquidity, faster trades, and customer support but require users to trust the platform with their funds. In contrast, Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap allow peer-to-peer trading directly from crypto wallets, offering more privacy and control. However, DEXs often have lower liquidity, slower trades, and limited features. Choosing between CEX and DEX depends on your priorities: convenience and speed (CEX) vs. privacy and self-custody (DEX). Both play vital roles in the evolving crypto ecosystem.