#CEXvsDEX100 (CEXs) like Binance and Coinbase are run by companies that offer user-friendly interfaces, high liquidity, and customer support. They require identity verification (KYC) and hold custody of users' funds, which can pose risks if hacked. In contrast, Decentralized Exchanges (DEXs) like Uniswap and PancakeSwap operate without intermediaries, using smart contracts to enable peer-to-peer trading. DEXs give users full control of their assets and maintain privacy, but can be less intuitive and have lower liquidity. CEXs prioritize convenience and speed, while DEXs emphasize freedom and decentralization. Choosing between them depends on your preferences for security, privacy, and usability.