#CEXvsDEX101: Centralized exchanges (CEX) and decentralized exchanges (DEX) are pillars of the crypto ecosystem. CEXs, like Binance or Coinbase, offer ease of use, high liquidity, and customer support, but require trust in a central entity. On the other hand, DEXs, like Uniswap or PancakeSwap, allow trading without intermediaries, providing greater privacy and control over funds, although with lower liquidity and a less user-friendly interface. Choosing between CEX and DEX depends on your needs: do you prioritize security and autonomy, or convenience and speed? Knowing both options is key to navigating the DeFi world with confidence. #CEXvsDEX101
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