#CEXvsDEX101

When it comes to crypto trading, understanding the difference between Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) is crucial. CEXs, like Binance, offer user-friendly interfaces, deep liquidity, and fast transactions—but they require you to trust a third party with your funds. On the other hand, DEXs operate without intermediaries, allowing you to trade directly from your wallet and maintain full custody of your assets. However, they may have less liquidity and can be less intuitive for beginners. Both have pros and cons, so the best choice depends on your priorities: convenience and speed, or privacy and control.