#CEXvsDEX101

Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are two main ways to trade crypto. CEXs, like Binance or Coinbase, are managed by companies that offer user-friendly interfaces, high liquidity, and customer support. However, they require users to trust a third party and often involve KYC processes. DEXs, like Uniswap or PancakeSwap, run on blockchain protocols, allowing peer-to-peer trading without intermediaries. They offer greater privacy and control but may have lower liquidity and require more technical know-how. Both have pros and cons, and choosing between them depends on your priorities: convenience and support or privacy and decentralization. #CEXvsDEX101