#CEXvsDEX101 CEX (Centralized exchange) and DEX (Decentralized exchange) both have their own advantages and disadvantages.

CEX like Binance, Coinbase have high liquidity, user-friendly interface, fast transactions, and good customer support. However, users must trust the intermediary and are at risk of being hacked or having their accounts controlled.

In contrast, DEX like Uniswap, PancakeSwap allow peer-to-peer trading, eliminating the need for intermediaries, increasing privacy and control over assets. However, DEX typically have higher fees, lower liquidity, and can be difficult for newcomers to use.

The choice between CEX and DEX depends on the user's goals, experience, and risk tolerance.$CAKE