#CEXvsDEX101

Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are two main platforms for crypto trading. CEXs, like Binance or Coinbase, are user-friendly, offer high liquidity, and support fiat transactions—but require users to trust a third party with their funds. In contrast, DEXs such as Uniswap or PancakeSwap run on blockchain smart contracts, giving users full control of their assets and ensuring greater privacy. However, they may have lower liquidity and can be less intuitive for beginners. Choosing between a CEX and a DEX depends on your priorities: convenience and speed, or control and decentralization. Know your goals before you trade.