#CEXvsDEX101 #CEXvsDEX101

Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are platforms for trading cryptocurrencies. CEXs, like Binance or Coinbase, act as intermediaries, offering high liquidity, fast transactions, and user-friendly interfaces, but require users to trust the platform with their funds and data. DEXs, such as Uniswap or PancakeSwap, run on blockchain networks, allowing peer-to-peer trading without intermediaries. They offer greater privacy and control but often come with lower liquidity and a steeper learning curve. Choosing between a CEX and DEX depends on your priorities—convenience and speed, or privacy and self-custody. Understand both to trade smartly in the crypto world.