#CEXvsDEX101 Centralized Exchanges (CEXs) like Binance or Coinbase act as intermediaries, offering user-friendly platforms, fast transactions, and customer support. However, users must trust the exchange with their funds and data. In contrast, Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap allow peer-to-peer trading directly on the blockchain, offering more privacy and control. DEXs reduce the risk of hacks or censorship but may have lower liquidity and require more technical knowledge. Choosing between a CEX and DEX depends on your priorities: convenience and support, or control and decentralization. Understand both to navigate the crypto space wisely.
