#CEXvsDEX101 In the world of cryptocurrency trading, understanding the difference between centralized exchanges (CEX) and decentralized exchanges (DEX) is crucial. CEX platforms, like Binance or Coinbase, act as intermediaries, offering user-friendly interfaces and high liquidity, which can make trading easier for beginners. However, they require users to trust the exchange with their funds and personal data. On the other hand, DEX platforms, such as Uniswap or SushiSwap, remove intermediaries, enabling peer-to-peer transactions directly on the blockchain. While this promotes greater privacy and control over assets, DEXs may have lower liquidity and can be less intuitive for new traders. Each has its advantages and disadvantages, making it essential to choose based on individual trading needs.