#CEXvsDEX101

CEX (centralized exchange) like Binance or Coinbase provides high liquidity, fast transaction speeds, and good customer support. However, users must trust and cede control of their assets to a third party. In contrast, DEX (decentralized exchange) like Uniswap or PancakeSwap allows direct trading between users' wallets, increasing privacy and control. However, DEX often has higher fees and is less user-friendly for newcomers. Understanding the advantages and disadvantages helps you choose the right platform that suits your needs.