#CEXvsDEX101 Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are two main types of cryptocurrency trading platforms. CEXs like Binance or Coinbase operate under centralized authorities, offering fast transactions, high liquidity, and user-friendly interfaces. However, they require users to trust a third party with their funds and personal data. In contrast, DEXs such as Uniswap or PancakeSwap enable peer-to-peer trading without intermediaries. They offer greater privacy, control, and reduced risk of censorship or hacks targeting a central server. However, DEXs may have lower liquidity, slower speeds, and steeper learning curves. Ultimately, CEXs prioritize convenience and security through centralization, while DEXs empower users with autonomy and transparency, aligning with the core philosophy of decentralization in crypto.