#CEXvsDEX101 CEX vs. DEX 101: Your Choice in Crypto Trading

In the world of cryptocurrencies, there are two main types of exchanges: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). CEXs, like Binance, are platforms managed by a company that acts as an intermediary. They offer an intuitive user interface, high liquidity, and customer support, but require custody of your funds and identity verification (KYC).

DEXs, like Uniswap, allow direct peer-to-peer exchanges without intermediaries. You maintain full control of your private keys and registration is not required, ensuring greater privacy. However, they can be more complex to use and often have lower liquidity compared to CEXs. The choice depends on your priorities: convenience and speed (CEX) or autonomy and privacy (DEX).

Which do you prefer and why?