#CEXvsDEX101

Centralized exchanges (CEX) like Binance or Coinbase offer 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, decentralized exchanges (DEX) like Uniswap or PancakeSwap enable direct transactions between user wallets, enhancing privacy and control. However, DEX often have higher fees and are less beginner-friendly. A good understanding of the advantages and disadvantages helps you choose the right platform according to your needs.