#CEXvsDEX101 Comparison of Centralized and Decentralized Exchanges

Centralized exchanges (CEX) like Binance and Coinbase are operated by companies, providing a user-friendly interface, high speed, and support for multiple assets. However, users must trust a third party to manage their assets. In contrast, decentralized exchanges (DEX) like Uniswap and PancakeSwap operate on the blockchain, allowing direct wallet-to-wallet transactions, increasing transparency and control. In return, DEXs are often slower, have higher gas fees, and are less user-friendly for newcomers. The choice between CEX and DEX depends on safety, speed, and experience needs. #CEXvsDEX101