#CEXvsDEX101 #CEXvsDEX101

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) both allow crypto trading but operate differently. CEXs like Binance or Coinbase are run by companies that hold your funds and facilitate trades. They offer high liquidity, user-friendly interfaces, and customer support but require KYC and are prone to hacks.

DEXs like Uniswap or PancakeSwap let users trade directly from wallets, offering greater privacy and control. They are non-custodial, meaning you keep your keys, but may have lower liquidity, slower speeds, and limited customer support.

In short, CEXs are ideal for beginners and quick trades, while DEXs favor privacy-conscious and tech-savvy users. Understanding both helps you make smarter crypto decisions.