#CEXvsDEX101 the comparison between centralized exchanges (CEX) and decentralized exchanges (DEX). CEXs, such as Binance or Coinbase, act as intermediaries and offer greater liquidity, speed, and user support, but require identity verification (KYC) and custody of funds. In contrast, DEXs, such as Uniswap or PancakeSwap, allow direct exchange between users through smart contracts, offering greater privacy and control over assets, although with lower liquidity and technical risks. Choosing between CEX or DEX depends on the balance you seek between security, decentralization, convenience, and regulation.