#CEXvsDEX101

In the world of digital trading, two main types of platforms stand out: centralized platforms (CEX) like Binance and Coinbase, and decentralized platforms (DEX) like Uniswap and PancakeSwap. The essential difference between them lies in control, security, and privacy.

✅ Centralized platforms (CEX):

- Easy to use for beginners.

- Support fiat/cryptocurrency transfers.

- Subject to regulations that may provide some protection.

- But they require trust in a third party (depositing funds on the platform).

🛡️ Decentralized platforms (DEX):

- Do not control your funds (you are solely responsible for your wallet).

- Direct trading between users without an intermediary.

- Highest level of privacy.

- But they may be complex for beginners and lack support for traditional currencies.