#CEXvsDEX101

**#CEXvsDEX101**

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are two main types of crypto trading platforms. **CEXs** like Binance or Coinbase act as intermediaries, offering user-friendly interfaces, high liquidity, and customer support—but require trust and identity verification. **DEXs** like Uniswap or PancakeSwap operate without a central authority, allowing peer-to-peer trading with greater privacy and control over funds. However, they may have lower liquidity, higher slippage, and limited support. CEXs are great for beginners, while DEXs appeal to users prioritizing decentralization and autonomy. Understanding both helps you choose the right platform for your trading needs and security preferences.