#CEXvsDEX101

CEX (Centralized Exchange) and DEX (Decentralized Exchange) are platforms for trading cryptocurrencies, but they work differently. CEXs like Binance or Coinbase are run by companies that control user accounts and manage trades. They offer high speed, customer support, and easy use, but require users to trust the platform with their funds. DEXs like Uniswap or PancakeSwap run on blockchain with no central authority. Users trade directly from their wallets, keeping full control of their assets. DEXs offer more privacy and security, but can be slower, costlier, and harder to use for beginners. Each has its pros and cons based on needs.