#CEXvsDEX101 is your essential guide to understanding the difference between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). CEX platforms like Binance or Coinbase are managed by companies, offering high liquidity, user support, and fast transactions, but they require users to trust a third party with their funds. DEX platforms like Uniswap or PancakeSwap operate without intermediaries, allowing peer-to-peer trading directly from wallets, offering more privacy and control. However, they may have lower liquidity and require more technical know-how. Knowing the pros and cons of each helps you choose the right platform for your trading style and risk tolerance.