#CEXvsDEX101

✅As an experienced trader, I have observed the crucial differences between centralized exchanges (CEX) and decentralized exchanges (DEX). CEXs, like Binance or Coinbase, offer greater ease of use and liquidity but involve giving up custody of your assets to a third party, with the inherent risks of security and regulation. DEXs, like Uniswap or PancakeSwap, prioritize decentralization and security by eliminating intermediaries. However, they often present lower liquidity and greater complexity of use, requiring a deeper understanding of cryptocurrencies and their protocols. The choice between CEX and DEX depends on your risk tolerance, technical knowledge, and your priority between convenience and control.