#CEXvsDEX101 ChatGPT

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#CEXvsDEX101 100 word

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CEX vs DEX 101:

Centralized Exchanges (CEX) like Binance and Coinbase are managed by companies that control user funds and transactions, offering ease of use, speed, and customer support. However, they require trust and are vulnerable to hacks or shutdowns.

Decentralized Exchanges (DEX) like Uniswap and PancakeSwap operate without intermediaries, allowing peer-to-peer trading via smart contracts. They offer more privacy and control but may have slower transactions, higher fees, and less user-friendly interfaces.

In short, CEXs are user-friendly and regulated, while DEXs are trustless and privacy-focused. Your choice depends on whether you prioritize convenience or decentralization and control.