#CEXvsDEX101
Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) both serve the same purpose—trading crypto—but they operate very differently. CEXs like Binance or Coinbase offer convenience, fast execution, and customer support, but they require trust in a central authority. DEXs, on the other hand, run on smart contracts, allowing users to trade directly from their wallets, maintaining full control of their assets. However, DEXs may have less liquidity, slower speeds, and higher gas fees. Choosing between the two depends on your priorities: ease of use or full decentralization. Understanding both helps you navigate the Web3 world smarter.