#CEXvsDEX101

Centralized Exchanges (CEX) like Binance or Coinbase are user-friendly platforms managed by companies. They offer high liquidity, fast transactions, and customer support but require users to trust a third party with their funds. Decentralized Exchanges (DEX) like Uniswap or PancakeSwap operate without intermediaries, using smart contracts. They offer more privacy, control, and security but may have lower liquidity, higher fees, and less user support. CEXs suit beginners, while DEXs appeal to users valuing decentralization. Each has pros and cons—your choice depends on priorities like ease of use, custody of assets, and willingness to trade privacy for convenience.