#CEXvsDEX101

Centralized exchanges (CEX), such as Binance, provide high liquidity, a user-friendly interface, and fast transactions. However, users trust the exchange to store their assets, which creates the risk of loss in case of a hack. Decentralized exchanges (DEX), such as Uniswap or PancakeSwap, operate without intermediaries — users maintain full control over their funds. DEXs offer greater privacy but have lower liquidity and a more complex interface. When choosing between CEX and DEX, it's important to consider: security, convenience, fee size, and access to new tokens. Ideally, one should combine both types for flexibility and effective asset management.