$XRP
CEX vs DEX: What's the Difference?
#TradingPairs101 #CEXvxDEX101 #CEXvsDEX101🔥
Centralized Exchanges (CEX), like Binance and Coinbase, are user-friendly platforms managed by companies. They offer high liquidity, fast transactions, and customer support, but require users to trust the platform with their funds and personal data. In contrast, Decentralized Exchanges (DEX), such as Uniswap and PancakeSwap, operate without intermediaries, allowing peer-to-peer trading directly from wallets. DEXs offer greater privacy and control but can have higher fees and lower liquidity.