#CEXvsDEX101 Centralized Exchanges) are user-friendly, offer high liquidity, and customer support, but you don't control your private keys. Think Binance or Coinbase.

DEX (Decentralized Exchanges) give you full control over your funds and privacy (no KYC), trading directly from your wallet. However, they can be less intuitive and have lower liquidity. Examples include Uniswap and PancakeSwap.

Choose based on your priorities: convenience and ease vs. control and privacy. Many users leverage both!