#CEXvsDEX101

CEX (Centralized Exchange) and DEX (Decentralized Exchange) are two types of cryptocurrency exchanges, and they have significant differences.

- CEX (Centralized Exchanges), such as Binance or Coinbase, operate like traditional financial institutions. They offer high liquidity, fast transactions, and a user-friendly interface, but users trust their funds to a third party.

- DEX (Decentralized Exchanges), such as Uniswap or PancakeSwap, allow trading without intermediaries, using smart contracts. They provide greater privacy and control over assets, but may have higher fees and a more complex interface.