#CEXvsDEX101

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) each offer unique benefits in the crypto world. CEX platforms like Binance or Coinbase are user-friendly, offer high liquidity, and support fiat on-ramps, making them ideal for beginners. However, they require trust in a third party and often require KYC. On the other hand, DEXs like Uniswap or PancakeSwap operate without intermediaries, giving users full control over their assets and preserving privacy. The downside? DEXs usually have lower liquidity and can be more complex to use. Choosing between CEX and DEX depends on your priorities—convenience or decentralization.