#CEXvsDEX101 Choosing between a centralized exchange (CEX) and a decentralized exchange (DEX) depends on your priorities as a trader. CEXs like Binance or Coinbase offer user-friendly interfaces, fast transactions, and high liquidity—but require you to trust a third party with your funds. DEXs like Uniswap or PancakeSwap, on the other hand, give you full control over your assets and operate without intermediaries, promoting transparency and privacy. However, DEXs may have lower liquidity, slower speeds, and steeper learning curves. There's no universal “best” choice—it all comes down to security, convenience, and control. Know the pros and cons before you trade.