#CEXvsDEX101

#CEXvsDEX101: Understanding Crypto Exchanges

Choosing between Centralized (CEX) and Decentralized (DEX) exchanges is crucial in crypto. CEXs (e.g., Binance) offer user-friendliness, high liquidity, and customer support, ideal for beginners, but require trusting a third party with your funds.

DEXs (e.g., Uniswap) promote self-custody and privacy, operating via smart contracts without intermediaries. While offering more control and access to new tokens, they often have a steeper learning curve, lower liquidity, and no customer support. Your choice depends on your priorities: convenience vs. control, and ease-of-use vs. decentralization.