#CEXvsDEX101 Understand the Differences

CEX (Centralized Exchange) such as Binance or Coinbase offers high liquidity, fast transaction speeds, and good customer support. However, users must trust and relinquish control of their assets to a third party. In contrast, DEX (Decentralized Exchange) such as Uniswap or PancakeSwap allows for direct trading between users' wallets, increasing privacy and control. However, DEXs often have higher fees and are less beginner-friendly. Understanding the pros and cons helps you choose the right platform that fits your needs.