#CEXvsDEX101

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are two main ways to trade crypto. CEXs like Binance and Coinbase act as intermediaries, offering high liquidity, fast transactions, and user-friendly interfaces. However, users must trust the platform with their funds. DEXs, such as Uniswap or PancakeSwap, allow peer-to-peer trading directly from wallets, offering greater privacy and control. They rely on smart contracts and often have lower fees, but may lack liquidity and can be harder to use. Choosing between CEX and DEX depends on your priorities: convenience and speed, or security and full ownership of your crypto assets.