#CEXvsDEX101 Centralized exchanges (CEX) and decentralized exchanges (DEX) are two fundamental models in the cryptocurrency ecosystem, each with unique advantages and challenges.

- CEX (Centralized Exchange): These are platforms managed by a central entity that facilitates the exchange of cryptocurrencies. Examples include Binance and Coinbase. They offer high liquidity, user support, and advanced trading tools, but require registration and custody of funds.

- DEX (Decentralized Exchange): They operate without intermediaries, using smart contracts to allow the exchange of assets directly between users. Examples include Uniswap and PancakeSwap. They provide greater privacy and control over funds, but may have lower liquidity and be more complex for beginners.

The choice between CEX and DEX depends on factors such as security, accessibility, and trading preferences. While CEXs are ideal for those seeking ease of use and support, DEXs offer autonomy and decentralization.