#CEXvsDEX101

#CEXvsDEX101: Understanding Centralized and Decentralized Exchanges

In the world of cryptocurrency, understanding the difference between Centralized Exchanges (#CEX ) and Decentralized Exchanges (#DEXs ) is crucial. #CEX. , like Binance or Coinbase, are managed by companies that act as intermediaries, offering high liquidity, fast transaction speeds, and user-friendly interfaces. However, they require users to trust the platform with their funds and personal information, making them more vulnerable to hacks and censorship.

On the other hand, DEXs like Uniswap or PancakeSwap operate without intermediaries, using smart contracts to facilitate peer-to-peer trading. They offer users greater control over their assets and privacy but often face challenges like lower liquidity, slower transaction times, and steeper learning curves. Choosing between a CEX and DEX depends on priorities such as convenience, security, and autonomy.