#CEXvsDEX101
#CEXvsDEX101: Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) serve the same purpose—crypto trading—but operate differently. CEXs like Binance or Coinbase act as intermediaries, offering user-friendly interfaces, fast trades, and customer support, but require users to trust the platform with their funds. DEXs, such as Uniswap or SushiSwap, let users trade peer-to-peer via smart contracts, giving full control over their assets and greater privacy, but often have higher learning curves and slower speeds. Choosing between them depends on your priorities: convenience and liquidity (CEX) or control and decentralization (DEX). Always do your research before trading. #CryptoBasics #Web3
