#CEXvsDEX101

Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are key platforms in crypto trading. CEXs, like Binance or Coinbase, act as intermediaries, offering user-friendly interfaces, high liquidity, and fast transactions—but require trust in a third party. DEXs, such as Uniswap or PancakeSwap, enable peer-to-peer trading via smart contracts, enhancing privacy and control over funds. However, they may have lower liquidity and steeper learning curves. Choosing between CEX and DEX depends on your needs: convenience and speed (CEX) vs. privacy and autonomy (DEX). Understanding both is essential for smart, secure crypto participation. Which do you prefer and why?