#CEXvsDEX101
Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are two main platforms for crypto trading. CEXs like Binance or Coinbase act as intermediaries, offering high liquidity, user-friendly interfaces, and customer support—but users must trust the platform with their funds. In contrast, DEXs such as Uniswap or PancakeSwap allow peer-to-peer trading directly from wallets, ensuring more privacy and control. However, they may have lower liquidity and steeper learning curves. Choosing between them depends on your priorities: security and control versus convenience and speed. Understanding both helps you navigate the evolving world of crypto more confidently.
