#CEXvsDEX101 CEX vs DEX 101

*CEX (Centralized Exchange)*: A platform where a central authority manages transactions, custody, and security. Examples: Binance, Coinbase.

*DEX (Decentralized Exchange)*: A platform where transactions occur directly between users, without a central authority. Examples: Uniswap, PancakeSwap.

*Key differences:*

- Custody: CEX holds assets, DEX doesn't.

- Security: CEX offers more security features, DEX relies on smart contracts.

- Fees: CEX often charges higher fees.

- Accessibility: CEX is user-friendly, DEX can be complex.

Choose based on your priorities: convenience, security, or decentralization.