#CEXvsDEX101

CEX (Centralized Exchange) and DEX (Decentralized Exchange) are two types of cryptocurrency trading platforms. CEXs, like Binance or Coinbase, are managed by a central authority, offering user-friendly interfaces, high liquidity, and faster trades but require users to trust the platform with their funds. DEXs, such as Uniswap or PancakeSwap, operate without intermediaries on blockchain networks, enabling peer-to-peer trading and giving users full control over their assets, enhancing privacy and security. However, DEXs often have lower liquidity and slower transactions. Choosing between CEX and DEX depends on user priorities: convenience and speed versus control and decentralization.

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