#CEXvsDEX101 **#CEXvsDEX101**: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are platforms for trading crypto. **CEXs** (e.g., Binance, Coinbase) are user-friendly, offer high liquidity, and support fiat transactions but require trust in a central authority that controls funds and may charge higher fees. **DEXs** (e.g., Uniswap, PancakeSwap) operate on blockchain, enabling peer-to-peer trades without intermediaries, ensuring users retain control of their funds. However, DEXs may have lower liquidity, complex interfaces, and higher gas fees. CEXs suit beginners; DEXs appeal to those prioritizing decentralization and privacy. Choose based on your trading goals, experience, and security preferences!