#CEXvsDEX101 When it comes to trading crypto, one big question is: should you use a Centralized Exchange (CEX) or a Decentralized Exchange (DEX)? CEXs like Binance and Coinbase are user-friendly and provide high liquidity, but they require users to trust a third party with their funds. On the other hand, DEXs like Uniswap or PancakeSwap allow users to trade directly from their wallets without intermediaries, offering better privacy and control. However, DEXs might have lower liquidity and can be confusing for beginners. Both have their pros and cons, and the best choice depends on your priorities: convenience and support (CEX) vs. autonomy and decentralization (DEX).