#CEXvsDEX101

Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are two common types of services within the world of cryptocurrency trading. CEXs like Binance and Coinbase serve as intermediaries and offer a convenient interface with high liquidity and fast transactions; however, they require trust in the platform for the user’s money and information. DEXs, such as Uniswap or PancakeSwap, do not have intermediaries, thus allowing wallet-to-wallet trading and ensuring better control and privacy. On the downside, DEXs may have steeper learning curves, reduced liquidity, and higher fees.