#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.