#CEXvsDEX101

CEX vs DEX 101 Summary (100 words):

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are platforms for trading cryptocurrencies. CEXs (e.g., Binance, Coinbase) are managed by companies, offering user-friendly interfaces, high liquidity, and customer support, but require users to trust the platform with their funds and personal data. DEXs (e.g., Uniswap, PancakeSwap) operate without intermediaries, using smart contracts to enable peer-to-peer trades. They offer greater privacy and control, but may have lower liquidity, slower transaction times, and require more technical knowledge. CEXs are ideal for beginners, while DEXs suit users prioritizing privacy, security, and decentralization. Both serve unique roles in the crypto ecosystem.