#CEXvsDEX101 Centralized exchanges (CEXs) are user-friendly platforms like Binance and Coinbase, offering high liquidity, fiat integration, and customer support. However, they hold users' funds, making them vulnerable to hacks and requiring identity verification. (techrefreshing.com, dtcgroup.io)

Decentralized exchanges (DEXs), such as Uniswap and PancakeSwap, enable peer-to-peer trading directly from users' wallets, enhancing privacy and control. They typically have lower fees and no KYC requirements. Yet, they may present a steeper learning curve, lower liquidity, and lack customer support. (chain.com, data40.com)

Choosing between CEX and DEX depends on your priorities: convenience and support versus autonomy and privacy.