#CEXvsDEX101 Centralized Exchanges (CEX) like Binance offer high liquidity, speed, and user-friendly interfaces. They are run by companies that manage your funds and facilitate trades. On the other hand, Decentralized Exchanges (DEX) like Uniswap let users trade peer-to-peer without intermediaries. You keep custody of your assets, which aligns with the “not your keys, not your crypto” philosophy. However, DEXs often have lower liquidity and higher slippage. CEXs are ideal for beginners, while DEXs suit advanced users who value privacy and control. Both have pros and cons — your choice depends on your trading style and trust preference.