#CEXvsDEX101 🔹 Centralized vs Decentralized Exchanges** 🔹

In the crypto world, there are two main types of exchanges:

💠 **CEX (Centralized Exchange)** – these are platforms like Binance or Coinbase, where trading is controlled by a central operator. They offer high liquidity, a user-friendly interface, and customer support, but require registration and trust in the platform.

💠 **DEX (Decentralized Exchange)** – these are platforms like Uniswap or PancakeSwap, which operate without intermediaries. They provide full control over assets without the need for registration, but may have lower liquidity and a more complex interface.