#CEXvsDEX101

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) both let users trade crypto, but they work very differently. CEXs like Binance act as intermediaries, offering speed, customer support, and advanced features — perfect for beginners and traders who value convenience. On the other hand, DEXs like Uniswap or PancakeSwap allow users to trade directly from their wallets, giving full control and privacy but requiring more technical know-how. CEXs are ideal for fiat onramps and high liquidity, while DEXs shine in token variety and decentralization. Ultimately, it’s about choosing what suits your needs — security and control with DEXs, or speed and simplicity with CEXs. Some users even use both, depending on the situation. In crypto, knowledge is power — understand both to make smarter trading decisions. You can learn about this more from #BinanceAcademy