#CEXvsDEX101 CEX vs DEX: A 101 Guide

Centralized Exchanges (CEXs) like Binance or Coinbase act as intermediaries, offering high liquidity, fast transactions, and user-friendly interfaces. However, they require users to trust the platform with their funds and data. In contrast, Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap allow peer-to-peer trading without intermediaries, offering more privacy and control. DEXs are non-custodial but may have lower liquidity, slower speeds, and complex interfaces. CEXs suit beginners and traders valuing speed; DEXs appeal to those prioritizing privacy and control. Both play vital roles in the crypto ecosystem, and users often benefit from using both strategically.