#CEXvsDEX101 Centralized Exchanges (CEXs) like Binance offer high liquidity, fast trades, and user-friendly interfaces but require trusting a third party with your funds. Decentralized Exchanges (DEXs) like Uniswap let users trade directly from wallets, offering more privacy and control but with lower liquidity and slower speeds. CEXs are ideal for beginners, large trades, and fast executions. DEXs suit privacy-conscious users, DeFi enthusiasts, and those seeking true ownership. Use CEXs for convenience and volume; DEXs for autonomy and innovation. Both serve key roles—smart traders use each based on the situation, balancing security, speed, and control.