#CEXvsDEX101 The choice between a CEX (Centralized Exchange) and a DEX (Decentralized Exchange) depends on the user's priorities. CEXs, such as Binance or Coinbase, offer intuitive interfaces, high liquidity, and support for fiat, making them ideal for beginners. However, they involve trusting funds to a third party and require identity verification (KYC), with risks of hacks and regulation.