#CEXvsDEX101 The crypto world debates CEX vs. DEX platforms. Centralized exchanges (CEX) like Binance offer speed, liquidity, and user-friendly interfaces but hold your funds, posing custody risks—think 2022 FTX collapse. Decentralized exchanges (DEX) like Uniswap use smart contracts, giving you control over private keys but often slower and less liquid. CEX suits beginners with support and fiat on-ramps; DEX appeals to privacy-focused users via non-custodial trading. Security varies—CEX hacks are common, while DEX risks lie in smart contract bugs. Choose based on your needs: convenience (CEX) or autonomy (DEX). Research fees and security before diving in!