#CEXvsDEX101 CEX vs DEX: What’s the Difference?

Centralized Exchanges (CEX) like Binance and Coinbase are run by companies that offer user-friendly interfaces, high liquidity, and customer support. However, they require KYC and control your assets. Decentralized Exchanges (DEX) like Uniswap and PancakeSwap run on smart contracts, allowing peer-to-peer trading without intermediaries. You keep control of your funds and trade anonymously, but with lower liquidity and slower transactions. CEX is ideal for beginners and quick trades, while DEX offers more privacy and decentralization. Both have pros and cons—choose based on your needs, experience, and trust preferences in the crypto space.