#CEXvsDEX101 Centralized Exchanges (CEX) like Binance and Coinbase are user-friendly platforms run by companies that manage trades and custody assets. They offer high liquidity, fast transactions, and customer support but require KYC and control your private keys. Decentralized Exchanges (DEX) like Uniswap and PancakeSwap allow peer-to-peer trading without intermediaries. They provide more privacy and control of your funds but often have lower liquidity, higher fees, and steeper learning curves. CEXs are great for beginners seeking convenience, while DEXs suit users who value privacy and decentralization. Choose the platform that fits your trading style and risk tolerance.
