#CEXvsDEX101
#CEXvsDEX101 compares centralized exchanges (CEXs) and decentralized exchanges (DEXs):
Centralized Exchanges (CEXs):
1. *Binance*: User-friendly, high liquidity
2. *Coinbase*: Secure, easy to use
Decentralized Exchanges (DEXs):
1. *Uniswap*: Trustless, permissionless trading
2. *PancakeSwap*: Fast, low fees
Key Differences:
1. *Control*: CEXs hold user funds; DEXs empower users.
2. *Security*: CEXs are vulnerable to hacks; DEXs reduce risk.
3. *Regulation*: CEXs face stricter regulations; DEXs operate freely.
Choosing Between CEXs and DEXs:
1. *Consider your priorities*: Security, ease of use, fees.
2. *Understand the risks*: Market volatility, regulatory changes.
Ultimately, CEXs offer convenience, while DEXs provide autonomy.