#CEXvsDEX101 **#CEXvsDEX101** breaks down the key differences between Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs). **CEXs**, like Binance or Coinbase, are managed by companies that act as intermediaries, offering user-friendly interfaces, high liquidity, and customer support. In contrast, **DEXs** like Uniswap or PancakeSwap run on blockchain protocols without intermediaries, allowing users full control of their funds and private keys. CEXs often require KYC (Know Your Customer), while DEXs offer more privacy. However, DEXs may have lower liquidity and slower trade speeds. Choosing between them depends on your priorities—**convenience and support** (CEX) or **privacy and autonomy** (DEX). Know the trade-offs!