#CEXvsDEX101

Centralized exchanges (CEXs) and decentralized exchanges (DEXs) each serve a unique role in the crypto ecosystem. CEXs like Binance offer user-friendly interfaces, high liquidity, and fast trade execution, making them ideal for beginners and high-frequency traders. On the other hand, DEXs prioritize self-custody and permissionless trading, appealing to users who value decentralization and control over their assets. While DEXs often offer access to new tokens early, they may lack the security layers and customer support of CEXs. Understanding the strengths and limitations of both platforms is essential for making informed trading decisions in any market condition.