#CEXvsDEX101 Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) offer different approaches to crypto trading. CEX platforms like Binance is managed by companies, offering high liquidity, user-friendly interfaces, and customer support. However, they require users to trust the platform with their funds and personal data. In contrast, DEX platforms like Uniswap or PancakeSwap operate without intermediaries, allowing users to trade directly from their wallets. This enhances privacy and security but may involve higher fees, slower transactions, and limited support. While CEX suits beginners and fast trading, DEX appeals to those valuing control and decentralization. Both serve unique roles in the crypto ecosystem.
