#CEXvsDEX101

When trading crypto, one major choice you'll face is between Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs). CEXs like Binance or Coinbase are managed by companies that facilitate trades, offer high liquidity, user-friendly interfaces, and customer support. However, they require KYC and hold your funds, which can pose security and privacy risks.

On the other hand, DEXs like Uniswap or PancakeSwap let you trade directly from your wallet, giving you full control over your assets. They're permissionless and often anonymous—but can have lower liquidity, higher fees, and a steeper learning curve.

Both have pros and cons. The right choice depends on your goals, risk tolerance, and experience. Always DYOR (Do Your Own Research) before diving in!