Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are key players in crypto trading. CEXs, like Binance or Coinbase, are user-friendly platforms managed by a central authority, offering high liquidity and fast transactions. However, they require users to trust the platform with their funds. On the other hand, DEXs, such as Uniswap or PancakeSwap, operate without intermediaries, giving users full control over their assets and enhancing privacy. While DEXs support decentralized finance (DeFi) ideals, they may have lower liquidity and complex interfaces. Choosing between CEX and DEX depends on your priorities—convenience and speed versus control and decentralization. #CryptoBasics #DEFİ $SOL $XRP $ETH