#CEXvsDEX101 CEXvsDEX :

Centralized Exchanges (CEXs) like Binance or Coinbase are managed by companies, offering fast transactions and deep liquidity, but require users to give up custody of their funds. Decentralized Exchanges (DEXs) like Uniswap or dYdX let users trade peer-to-peer via smart contracts, offering more control and privacy, but often with less liquidity and higher slippage.