#CEXvsDEX101 Understanding the Difference

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) like Uniswap or PancakeSwap allows direct transactions between user wallets, enhancing 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 suits your needs.