#CEXvsDEX101 CEX (centralized exchange) like Binance or Coinbase offers high liquidity, fast transaction speed, and good customer support. However, users must trust and delegate control of their assets to a third party. In contrast, DEX (decentralized exchange) like Uniswap or PancakeSwap allows direct trading between user wallets, increasing privacy and control. However, DEX often has higher fees and is less beginner-friendly. Understanding the pros and cons helps you choose the right platform that fits your needs.