#CEXvsDEX101

In the crypto world, choosing between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX) is a big decision. CEXs, like Binance, are user-friendly with high liquidity and support, making them great for beginners. But you need to complete KYC, and they hold your private keys.

DEXs, such as Uniswap, offer more privacy and let you control your funds directly. They provide access to newer tokens and are permissionless. However, DEXs can be more complex for new users and might have less liquidity. Your choice depends on what you prioritize: ease of use and liquidity, or privacy and self-custody. Many traders use both to get the best of both worlds.