In the world of cryptocurrencies, understanding the difference between centralized (CEX) and decentralized (DEX) platforms is essential.

A centralized platform like Binance or Coinbase allows trading of currencies through a trusted intermediary that controls funds and data.

On the other hand, a decentralized platform like Uniswap or PancakeSwap enables users to trade directly without an intermediary, enhancing privacy and control.

CEX offers high speed and liquidity but requires trust in the platform.

In contrast, DEX provides greater security against hacks but is slower and may have lower liquidity.

This is the first step to understanding the trading environment and choosing what is best for your digital goals.