#CEXvsDEX101 CEX vs DEX 101

Centralized Exchanges (CEXs) like Binance or Coinbase act as intermediaries, managing users' funds and trades. They offer fast transactions, high liquidity, and user-friendly interfaces but require trust, as they control private keys and can be vulnerable to hacks.

Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap operate without intermediaries, allowing peer-to-peer trading directly from wallets. Users retain control of their funds, enhancing privacy and reducing custodial risk. However, DEXs can have lower liquidity, slower execution, and more complex interfaces.

In short, CEXs are ideal for beginners seeking ease and support, while DEXs appeal to users prioritizing privacy and control. Choosing between them depends on your needs, risk tolerance, and comfort with technology.