#CEXvsDEX101 In the crypto ecosystem, there are two main types of exchanges: CEX (Centralized Exchanges) and DEX (Decentralized Exchanges). CEXs, like Binance or Coinbase, are operated by companies and offer user-friendly interfaces, greater liquidity, and custody services. On the other hand, DEXs like Uniswap or PancakeSwap allow the exchange of cryptocurrencies without intermediaries, giving users greater control over their funds. However, DEXs may have less liquidity and be more complex for beginners. Choosing between a CEX and a DEX depends on your priorities: ease and support in CEX, or control and decentralization in DEX. Both have their advantages.