Choosing between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX) depends on your goals, risk tolerance, and control preferences. CEXs like Binance or Coinbase offer user-friendly interfaces, high liquidity, and customer support—but they require you to trust a third party with your funds. On the other hand, DEXs like Uniswap or PancakeSwap empower you to trade peer-to-peer without intermediaries, giving full control of your assets, but often come with lower liquidity and steeper learning curves. Security, custody, and transparency are key differences. Always weigh your options carefully before trading. Your strategy should match your comfort with control and risk.
