#CEXvsDEX101 CEXs, like Binance and Coinbase, are user-friendly, offer high liquidity, and support fiat transactions, making them ideal for beginners. However, they require users to trust a third party with their funds and personal data. DEXs, on the other hand, like Uniswap and PancakeSwap, enable peer-to-peer trading without intermediaries, offering greater privacy and control. They typically have lower fees and are less vuln