#CEXvsDEX101
The debate between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) is a hot topic in the crypto world. Here's a quick breakdown:
- CEX (Centralized Exchanges): Platforms like Binance and Coinbase that act as intermediaries for trading. They offer high liquidity, ease of use, and customer support.
- DEX (Decentralized Exchanges): Platforms like Uniswap and PancakeSwap that allow peer-to-peer trading via smart contracts. They provide greater privacy and control over assets, but often have lower liquidity and can be complex.
Choosing between them depends on your priorities