#CEXvsDEX101 Centralized vs Decentralized Exchanges: Pros & Cons

🔐 Centralized Exchanges (CEX) like Binance or Coinbase are run by companies that manage user accounts and trades.

✅ Pros:

User-friendly interface

High liquidity & fast trades

Customer support

❌ Cons:

Users don't control private keys

Prone to hacks and regulations

Can freeze funds

🌐 Decentralized Exchanges (DEX) like Uniswap or PancakeSwap allow peer-to-peer trading directly from wallets.

✅ Pros:

Full control of your crypto

No KYC (in many cases)

Censorship-resistant

❌ Cons:

Lower liquidity

Slower transactions

No customer support

Summary:

CEXs offer ease and speed but compromise on control and privacy. DEXs give power back to users but require more knowledge and caution. Choose based on your needs: convenience or control.