#CEXvsDEX101 illustrates the difference between centralized platforms (CEX) and decentralized platforms (DEX) in cryptocurrency trading. CEX like Binance and Coinbase are managed by companies, providing high liquidity and fast execution, but they require identity verification and store assets on their servers, making them vulnerable to hacking. DEX like Uniswap and PancakeSwap allow trading directly between users without intermediaries, maintaining your privacy and giving you full control over your funds, but they sometimes suffer from low liquidity or slow execution. CEX is suitable for beginners, while DEX is preferred by those seeking privacy and decentralization. The choice of the best depends on your goals, level of expertise, and the degree of security you are looking for in your trading experience.