#CEXvsDEX101 CEX vs. DEX: What's the Difference?Centralized Exchanges (CEXs) like Binance are user-friendly platforms managed by a central authority, acting as intermediaries for crypto trades. They offer high liquidity, fiat on-ramps, and features like staking, but require KYC and hold your funds, posing security risks. Decentralized Exchanges (DEXs) like Uniswap operate on blockchain via smart contracts, enabling peer-to-peer trading without intermediaries. You control your private keys, ensuring privacy and security, but DEXs can be complex, with lower liquidity and higher gas fees. CEXs suit beginners for ease and variety; DEXs appeal to those valuing autonomy. Choose based on your needs, skills, and risk tolerance. Always store crypto offline for safety!