#CEXvsDEX101 In the world of digital trading, two major platforms stand out: centralized exchanges (CEXs) like Binance and Coinbase, and decentralized exchanges (DEXs) like Uniswap and PancakeSwap. The key difference between them lies in control, security, and privacy. Centralized exchanges (CEXs): - Easy to use for beginners. - Supports fiat/cryptocurrency transfers. - Subject to regulations that may guarantee some protection. - But they require trusting a third party (depositing funds into the exchange). Decentralized exchanges (DEXs): - You don't control your funds (you alone are responsible for your wallet). - Direct trading between users via an intermediary. - The highest level of privacy. - But they can be complex for beginners and lack support for traditional currencies. Which one should you choose? - If you prefer ease and high liquidity, CEX is the way to go. - If you care about security and decentralization, DEX is the best fit. Tip: Consider both options and choose the one that best suits your goals.