#CEXvsDEX101 Centralized exchanges (CEXs) like Binance and Coinbase are operated by companies and offer fast trades, customer support, and more liquidity. They require KYC and control user funds. On the other hand, Decentralized exchanges (DEXs) such as Uniswap or PancakeSwap operate without a central authority, offering privacy and direct wallet trades, but may have lower liquidity and slower transactions. Each has its pros and cons. CEXs are great for beginners, while DEXs attract privacy-focused users and DeFi enthusiasts. Understanding both helps in making informed trading choices.

#CEXvsDEX101