#CEXvsDEX101

#CEXvsDEX101: Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are two key platforms for trading cryptocurrencies. CEXs, like Binance or Coinbase, offer user-friendly interfaces, high liquidity, and fast transactions but require users to trust a third party with their funds. In contrast, DEXs such as Uniswap or PancakeSwap allow peer-to-peer trading without intermediaries, offering greater privacy and control but often with lower liquidity and higher technical barriers. Choosing between them depends on priorities like security, ease of use, and decentralization.