#CEXvsDEX101 When comparing Centralized Exchanges (CEX) and Decentralized Exchanges (DEX), it's important to understand the core differences that influence user experience, security, and control.

CEX platforms, such as Binance or Coinbase, are managed by a central authority. They offer ease of use, customer support, and high liquidity, making them ideal for beginners and those seeking fast transactions. However, the downside is that users must trust the exchange with their funds, which makes them vulnerable to hacks or regulatory issues.

In contrast, DEX platforms like Uniswap or PancakeSwap operate on decentralized networks without a central authority. This gives users more control over their funds and ensures greater privacy. DEXs often have lower fees and better security from centralized breaches but can face challenges such as lower liquidity and more complex user interfaces.

Ultimately, the choice between CEX and DEX comes down to user preference for control, security, and convenience.