#CEXvsDEX101 #CEXvsDEX101

Centralized Exchanges (CEXs) are platforms like Binance or Coinbase, where a central authority manages trades, user data, and funds. They're user-friendly, offer high liquidity, and fast transactions—but require trust in the platform.

Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap operate without intermediaries. Users trade directly from their wallets, keeping control of their assets. DEXs offer privacy and censorship resistance but may have lower liquidity and slower speeds.

In short: CEX = convenience + control loss, DEX = privacy + full control. Choose based on your priorities—ease of use or true decentralization.