#CEXvsDEX101

CEX (Centralized Exchanges) and DEX (Decentralized Exchanges) are two types of platforms for trading cryptocurrencies. 🏦 CEXs, like Binance, are managed by companies, offering user-friendly interfaces and high liquidity. However, they require trust in the platform and often involve KYC (Know Your Customer) processes. 🔒 On the other hand, DEXs, like Uniswap, operate on blockchain technology, allowing peer-to-peer trading without intermediaries. They provide more privacy and control over funds but can have lower liquidity and higher complexity. ⚖️ Choosing between them depends on your priorities: convenience vs. control! 💡