#CEXvsDEX101 In the crypto world, there are two main types of exchanges: CEX (Centralized Exchange) and DEX (Decentralized Exchange). CEXs, like Binance or Coinbase, operate as centralized intermediaries. They are easy to use, offer high liquidity and customer support, but require you to trust a company that manages your funds and data.

On the other hand, DEXs, like Uniswap or PancakeSwap, allow exchanges between users without intermediaries. They operate with smart contracts and personal wallets, providing greater control and privacy. However, they may have less liquidity, more complex interfaces, and higher exposure to errors if you lack experience.

Both models have advantages and disadvantages. CEX stands out for its convenience and institutional security; DEX for the decentralization and autonomy of the user. Choosing between one or the other depends on your needs, experience, and trust in the custody of your crypto assets.