The difference between CEX (Centralized Exchange) and DEX (Decentralized Exchange) lies primarily in the way management, control, and security are handled when trading cryptocurrencies.
🏦 CEX – Centralized Exchange
Examples: Binance, Coinbase, Kraken, Bitfinex
Easy to use – user-friendly interface
High liquidity – more users, higher trading volumes
Fast trading – orders are executed almost instantly
Customer support – ability to resolve issues through support
🌐 DEX – Decentralized Exchange
Examples: Uniswap, PancakeSwap, dYdX, Curve
Does not hold funds – you trade directly from your wallet (e.g., MetaMask)
Greater anonymity – mostly without KYC
Censorship resistance – no central authority
Transparency – smart contracts are public and auditable
But if you trade often with $BNB , Binance is an excellent choice.
