In crypto trading, there are two main types of exchanges: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). CEXs like Binance or Coinbase are managed by companies, offering user-friendly interfaces, high liquidity, and customer support—but they require users to trust the platform with their funds. DEXs like Uniswap or PancakeSwap are peer-to-peer, giving users full control of their assets and private keys, but often come with lower liquidity and limited support. Each has pros and cons depending on your priorities: convenience vs. control. Always research before trading and choose what aligns with your strategy and security needs.
