#CEXvsDEX101
Centralized Exchanges (CEXs) like Binance or Coinbase act as intermediaries, offering user-friendly interfaces, high liquidity, and customer support. However, they require users to trust the platform with their funds and personal data. In contrast, Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap operate without intermediaries, allowing peer-to-peer trading through smart contracts. DEXs offer greater privacy, control, and are less prone to censorship—but often have lower liquidity, slower transactions, and can be complex for beginners. CEXs are great for ease of use; DEXs empower users with full asset control. Understanding both helps you trade safely and smartly in the crypto space.
