#CEXvsDEX101 CEX vs DEX 101

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are platforms for trading cryptocurrencies. CEXs, like Binance or Coinbase, are operated by companies that manage user funds and provide high liquidity, user-friendly interfaces, and customer support. However, they require trust and personal information (KYC). DEXs, like Uniswap or PancakeSwap, allow peer-to-peer trading without intermediaries, offering greater privacy and control over funds. They operate on smart contracts but may have lower liquidity and a steeper learning curve. Choosing between CEX and DEX depends on your priorities: convenience and speed (CEX) or privacy and decentralization (DEX).