#CEXvsDEX101 CEXvsDEX101

Choosing between a CEX and a DEX depends on your priorities. Centralized exchanges, like Binance or Coinbase, are user-friendly and offer higher liquidity, faster transactions, and customer support. However, they require users to trust the platform with their funds, and they may be subject to regulations and restrictions. DEXs like Uniswap or PancakeSwap provide greater control over assets since users trade directly from their wallets, maintaining privacy and self-custody. But DEXs often come with slower speeds, higher fees during congestion, and a learning curve. Knowing the pros and cons of both helps traders select the best platform for their needs and risk preferences.