#CEXvsDEX101
Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are two ways to trade crypto, each with pros and cons. CEXs like Binance or Coinbase offer ease of use, high liquidity, and fast transactions but require trust in a third party. DEXs like Uniswap or PancakeSwap run on smart contracts, allowing peer-to-peer trades and greater privacy, but they can be slower and less user-friendly. CEXs are great for beginners, while DEXs appeal to those valuing control and decentralization. Choosing between them depends on your priorities: convenience or self-sovereignty. Always do your own research before trading!
