#CEXvsDEX101 Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) each have their pros and cons—and understanding the difference is crucial for crypto users. CEXs like Binance or Coinbase offer faster transactions, higher liquidity, and customer support, but they require users to trust the platform with custody of their assets. On the other hand, DEXs like Uniswap or PancakeSwap let users retain full control of their funds, operating through smart contracts and peer-to-peer trading. However, they may have lower liquidity and can be more complex for beginners. Knowing when and why to use each platform is key to smarter trading and safer investing in crypto.