#CEXvsDEX101 If you're diving into crypto, understanding the difference between Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) is crucial.

CEXs like Binance, Coinbase, or Kraken are managed by companies. They offer fast transactions, high liquidity, and user-friendly interfaces—but they hold your private keys. That means you're trusting a third party with your funds. These platforms are also more regulated and prone to hacks or account freezes.

DEXs like Uniswap, SushiSwap, or PancakeSwap, on the other hand, let you trade peer-to-peer without an intermediary. You control your private keys and funds. They're trustless and permissionless, but often have lower liquidity and can be less intuitive for beginners.

In short:

CEX = convenience & speed

DEX = freedom & control

Which one fits your crypto style? 🤔