#CEXvsDEX101
In the crypto world, there are two main types of platforms: centralized exchanges (CEX) and decentralized exchanges (DEX).
Centralized platforms like Binance and Coinbase rely on a third-party intermediary to facilitate trading, making them faster and easier to use, but they require trust in a third party.
On the other hand, decentralized platforms like Uniswap and PancakeSwap allow users to trade directly via smart contracts, providing greater privacy and control over assets, but they are often slower and less beginner-friendly.
The choice between them depends on your priority: do you prefer convenience or complete control over your funds?
