#CEXvsDEX101 #CEXvsDEX101 #CEXvsDEX101

In the world of cryptocurrencies, there are two main types of exchanges: CEX (Centralized Exchange) and DEX (Decentralized Exchange). A CEX, like Binance or Coinbase, is managed by a central entity that facilitates transactions and offers greater liquidity, customer support, and advanced tools. In contrast, a DEX, like Uniswap or PancakeSwap, allows direct exchange between users without intermediaries, offering greater privacy and control over funds. CEXs are usually easier to use but require trust in third parties. DEXs promote decentralization, although they may have less liquidity and be more complex for beginners.