#CEXvsDEX101 explains the key differences between Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs). CEXs like Binance or Coinbase act as intermediaries, offering high liquidity, fast transactions, and user-friendly interfaces but require users to trust the platform with their funds. DEXs such as Uniswap or PancakeSwap allow peer-to-peer trading without a middleman, promoting privacy and control over assets. However, DEXs may face issues like lower liquidity, higher slippage, and slower transactions. Understanding these platfo#rms is crucial for traders who must choose based on security, ease of use, trading volume, and their own risk tolerance.