#CEXvsDEX101 When it comes to trading cryptocurrencies, understanding the difference between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) is crucial. CEXs are platforms like Binance or Coinbase where a central authority manages the trading process, offering ease of use, higher liquidity, and faster transactions. However, they require you to trust the platform with your funds. On the other hand, DEXs operate without intermediaries, allowing peer-to-peer trading directly from your wallet. This enhances privacy and control but may come with lower liquidity and slower trades. Choosing between CEX and DEX depends on your priorities: security, control, or convenience.