#CEXvsDEX101 CEX (Centralized Exchange) and DEX (Decentralized Exchange) are two main types of crypto trading platforms. CEX is managed by a central authority and offers faster transactions, higher liquidity, and user-friendly interfaces. Examples include Binance and Coinbase. In contrast, a DEX works without a middleman, using blockchain technology and smart contracts to allow peer-to-peer trading. Examples include Uniswap and PancakeSwap. DEXs provide more privacy and control but may have slower speeds and less support. Both have pros and cons, and choosing between them depends on your trading style, experience, and security preferences.