#CEXvsDEX101 CEX vs. DEX: The Crypto Exchange Showdown

Choosing between Centralized (CEX) and Decentralized (DEX) exchanges is crucial for crypto users. CEXs like Binance offer user-friendliness, high liquidity, and fiat on-ramps, but you surrender control of your funds to a third party. They also require KYC (Know Your Customer) verification.

DEXs, such as Uniswap, prioritize self-custody and privacy, allowing peer-to-peer trading directly from your wallet via smart contracts. This means "your keys, your crypto," reducing counterparty risk. However, DEXs can have lower liquidity, higher gas fees, and a steeper learning curve. Your choice depends on your priorities: convenience and features (CEX) vs. autonomy and decentralization (DEX).$AGLD