#CEXvsDEX101 Centralized Exchanges (CEX) like Binance or Coinbase are easy to use, fast, and offer liquidity. However, they often require identity verification (KYC) and centralize the custody of funds, making them vulnerable to hacking. Decentralized Exchanges (DEX) like Uniswap allow trading directly from your wallet without intermediaries, thus providing more autonomy and privacy. The downside is a sometimes complex interface, high fees, and low liquidity on certain pairs. Personally, I use both depending on my needs: CEX for speed, DEX for privacy.