#CEXvsDEX101 compares Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs). CEXs, like Binance or Coinbase, are user-friendly, fast, and offer high liquidity but require trust in a third party. DEXs, such as Uniswap or PancakeSwap, offer privacy, self-custody, and transparency but may have lower liquidity and higher complexity. Each suits different user needs—CEXs for convenience, DEXs for control.