#CEXvsDEX101 is a topic that helps you understand the difference between centralized exchanges (CEX) and decentralized exchanges (DEX). CEXs like Binance or Coinbase are user-friendly, support newcomers, have high liquidity but require identity verification (KYC) and store assets on the exchange. In contrast, DEXs like Uniswap or PancakeSwap allow direct trading through personal wallets, offer high security, require no intermediaries, but often have complex interfaces and risk of slippage. The choice between CEX and DEX depends on your level of experience, security needs, and the degree of control over your assets that you desire.