#mythoughts

Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are two gateways into the crypto world—but they serve different purposes. CEXs like Binance or Coinbase offer user-friendly platforms, high liquidity, and customer support, but require trust in a central authority and often involve KYC. On the other hand, DEXs like Uniswap or PancakeSwap run on smart contracts, allowing peer-to-peer trading without intermediaries or personal data. You control your keys—and your funds. However, DEXs can be less intuitive and sometimes face lower liquidity or slower speeds. CEXs are convenient but centralized. DEXs are liberating but demand more responsibility. The right choice depends on your priorities: convenience or sovereignty. In a truly decentralized future, understanding both is essential.