#CEXvsDEX101 the world of crypto, there are two main types of exchanges: centralized (CEX) and decentralized (DEX).

Centralized exchanges like Binance and Coinbase rely on an intermediary to facilitate trading, making them faster and easier to use, but they require trust in a third party.

Decentralized exchanges like Uniswap and PancakeSwap enable users to trade directly via smart contracts, providing greater privacy and control over assets, but they are often slower and less supportive for beginners.

The choice between them depends on your priorities: Do you prefer convenience or complete sovereignty over your funds?

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