#CEXvsDEX101 Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are two main platforms for trading cryptocurrencies. CEXs, like Binance or Coinbase, operate through a central authority, offering high liquidity, user-friendly interfaces, and fast transactions. However, they require users to trust the platform with their funds and data. DEXs, such as Uniswap or PancakeSwap, operate on blockchain networks without intermediaries, giving users full control over their assets and promoting privacy. While DEXs offer more security and decentralization, they often face issues like lower liquidity and slower speeds. Choosing between them depends on your priorities: convenience or control.