#CEXvsDEX101

Centralized (CEX) and decentralized (DEX) exchanges have their unique features, and the choice between them depends on the user's priorities. CEXs, such as Binance and Coinbase, offer high liquidity, a simple interface, and fast transactions. However, users here give up control over their assets to the exchange. This makes the process convenient but less secure in case of a platform hack.

On the other hand, DEXs, such as Uniswap or PancakeSwap, allow trading directly from your wallet, without intermediaries. You maintain full control over your funds, which increases the level of decentralization and security. However, DEXs may be less convenient for beginners and may have higher fees during network congestion.

Ultimately, it's important to understand the pros and cons of both models to effectively manage your crypto assets.