#CEXvsDEX101 🏛️

Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are the two main ways to trade crypto, and both have pros and cons. CEXs like Binance or Coinbase are user-friendly, fast, and offer customer support. But they require KYC and your funds are held in their custody. DEXs like Uniswap or PancakeSwap allow trading without giving up control of your crypto—no middlemen involved. However, they can be slower and harder to use for beginners. Personally, I use both: CEXs for ease and DEXs when I want privacy or access to new tokens. Knowing when to use each is key to smart crypto trading.