#CEXvsDEX101 Understanding the difference between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) is crucial for crypto traders. CEX, like Binance, offers user-friendly interfaces and high liquidity but requires trust in a central authority. DEX, like Uniswap, operates on blockchain technology, allowing peer-to-peer transactions without intermediaries, enhancing security and transparency. While CEX is more accessible, DEX provides greater control over assets. As the crypto space evolves, knowing the pros and cons of each can help traders make informed decisions and navigate the market effectively."