#CEXvsDEX101 Crypto exchanges come in two main types: Centralized (CEX) and Decentralized (DEX). A CEX, like Binance or Coinbase, acts as a middleman—easy to use, fast, and liquid, but you must trust the platform with your funds and data.

A DEX, like Uniswap or PancakeSwap, runs on smart contracts. You trade directly from your wallet, no sign-up, no custody—more privacy and control, but often slower and less beginner-friendly.

CEXs are ideal for quick trades and high volume. DEXs favor privacy-focused, decentralized ideals. Each has trade-offs: convenience vs. control, speed vs. sovereignty.