**#CEXvsDEX101 – Where To Trade?**

**Centralized Exchanges (CEX)**

✓ **Pros:** High liquidity, fiat onramps, customer support

✓ **Cons:** KYC requirements, custody risk (hacks/freezes)

✓ **Best For:** Beginners, large orders (Binance, Coinbase)

**Decentralized Exchanges (DEX)**

✓ **Pros:** Non-custodial, anonymous, 24/7 access

✓ **Cons:** Slippage on big trades, gas fees, no fiat

✓ **Best For:** Advanced traders, altcoins (Uniswap, dYdX)

**2024 Hybrid Trend:**

• CEXs adding DeFi features (Binance Web3 Wallet)

• DEXs improving UX (Coinbase Wallet ↔ Uniswap)

Your ideal platform depends on: trade size, privacy needs, and asset preferences.