#CEXvsDEX101

#CEXvsDEX101 #CEXvsDEX101: Centralized Exchanges (CEX) like Binance or Coinbase are managed by companies, offering user-friendly interfaces, high liquidity, and fast transactions, but users must trust the platform with their funds. In contrast, Decentralized Exchanges (DEX) like Uniswap or PancakeSwap operate on blockchain protocols, allowing peer-to-peer trading without intermediaries. DEXs offer greater privacy and control but may face lower liquidity and require users to manage their own wallets. While CEXs cater to beginners and provide customer support, DEXs attract those who prioritize autonomy and decentralization. Choosing between them depends on your priorities: ease and speed versus control and transparency.