CEX vs DEX: Understanding the Difference

Centralized Exchanges (CEX), like Binance, offer fast transactions, deep liquidity, and user-friendly interfaces, making them ideal for beginners. They act as trusted intermediaries, holding your assets and processing trades. In contrast, Decentralized Exchanges (DEX) like Uniswap or PancakeSwap run on smart contracts, giving users full control of their funds with no middleman. DEXs support privacy and decentralization but may have higher fees or limited liquidity. Both models play key roles in crypto adoption—CEXs drive mass onboarding, while DEXs empower self-sovereignty. Choosing between them depends on your priorities: convenience or control.$BNB $BTC #CEXvsDEX101