CEXvsDEX101 CEX (centralized exchange) like Binance or Coinbase offers high liquidity, fast transaction speeds, and good customer support. However, users must trust and relinquish control of their assets to a third party. In contrast, DEX (decentralized exchange) like Uniswap or PancakeSwap allows direct trading between users' wallets, increasing privacy and control. However, DEXs often have higher fees and are less beginner-friendly. Understanding the advantages and disadvantages helps you choose the right platform that suits your needs.