#OrderTypes101 Should you choose centralized exchanges (CEX) or decentralized exchanges (DEX)? CEX like Binance or Coinbase offer high liquidity, good user support, and fast transactions. However, you have to entrust your assets to a third party – this goes against the spirit of "decentralization" of blockchain. DEX like Uniswap or PancakeSwap allow you to trade directly from your personal wallet, without the need for an intermediary, enhancing control and privacy. However, DEXs often have a more difficult interface and lower liquidity than CEXs. The choice depends on your personal needs.