#CEXvsDEX101

Centralized Exchanges (CEXs) like Binance and Coinbase are managed by companies that act as intermediaries. They offer high liquidity, user-friendly interfaces, and fast transactions but require users to trust the platform with their funds. Decentralized Exchanges (DEXs) like Uniswap and PancakeSwap run on smart contracts, letting users trade directly from their wallets. DEXs offer more privacy and control but may have lower liquidity and slower speeds. CEXs are great for beginners and high-volume traders, while DEXs suit those who value decentralization and self-custody. Each has pros and cons, so the best choice depends on your goals, experience, and risk tolerance. Understanding both is key to navigating crypto trading safely and effectively.