#CEXvsDEX101

Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are two major types of platforms for trading crypto. CEXs like Binance or Coinbase are run by companies and act as intermediaries. They offer high liquidity, fast transactions, and user-friendly interfaces. However, users must trust these platforms with their funds and personal data. DEXs, such as Uniswap or PancakeSwap, allow peer-to-peer trading without a central authority. Users keep control of their assets, which increases security and privacy. However, DEXs often have lower liquidity and may be harder for beginners. Choosing between CEX and DEX depends on your preferences for convenience vs. control.