#CEXvsDEX101

In the world of cryptocurrencies, CEX refers to "Centralized Exchanges" like Binance and Coinbase, while DEX means "Decentralized Exchanges" like Uniswap and PancakeSwap. The fundamental difference is that CEX requires an intermediary that controls the assets and requires identity verification, whereas DEX allows direct trading between users without intermediaries. CEX provides greater liquidity and speed, but is more susceptible to hacking and surveillance. DEX offers privacy and full control over the wallet, but is slower and may be less user-friendly for beginners. The choice between them depends on the balance of security, speed, and privacy that the user is looking for. Understanding this distinction is essential for any cryptocurrency investor.