Understanding the difference between a Centralized Exchange (CEX) like Binance and a Decentralized Exchange (DEX) is key to making informed trading decisions. CEXs offer a user-friendly experience, high liquidity, fast transactions, and customer support, but require KYC and custody of your assets. DEXs, on the other hand, give you full control of your funds, offer greater privacy, and operate without intermediaries, though they may have lower liquidity and fewer features. The right choice depends on whether you prioritize convenience or control. #CEXvsDEX101