#CEXvsDEX101 refers to the baseline comparison between centralized exchanges (CEX) and decentralized exchanges (DEX). A CEX, like Binance or Coinbase, is managed by a company that administers user funds and offers a user-friendly experience, generally requiring identity verification (KYC). These platforms are fast, convenient, and provide customer support, but they require users to trust the exchange to keep their assets safe. On the other hand, a DEX, like Uniswap or PancakeSwap, allows users to trade directly from their own wallets without intermediaries. DEXs offer more privacy and control, but can be slower, more expensive, and more difficult to use for beginners. In summary, CEX is about convenience and trust, while DEX is about control and privacy.