#CEXvsDEX101

Centralized exchanges, like Coinbase and Binance, offer user-friendly interfaces and advanced trading features, making them ideal for beginners and seasoned traders alike. They provide high liquidity, ensuring swift transactions, and often support a wide array of cryptocurrencies. However, users must trust these platforms to safeguard their funds and personal information, which can be a concern given the history of hacks and security breaches.