#CEXvsDEX101 In the crypto world, choosing between a centralized exchange (CEX) and a decentralized exchange (DEX) can make a difference in your trading experience.

CEXs, like Binance or Coinbase, are platforms managed by a central entity. They offer high liquidity, user-friendly interfaces, and customer service. However, when using a CEX, you relinquish control of your funds, which poses a risk in case of hacks or restrictions.

On the other hand, DEXs (like Uniswap or PancakeSwap) allow you to trade directly from your wallet, without intermediaries. This ensures greater control and privacy, as well as being resistant to censorship. But they have their challenges: limited liquidity, high fees on certain networks, and greater technical complexity.