#CEXvsDEX101 For those who do not have much knowledge on the subject.
The debate between CEX (Centralized Exchanges) and DEX (Decentralized Exchanges) is fundamental in the world of cryptocurrencies. CEXs, like Binance or Coinbase, offer greater liquidity, speed, and user support, but require trust in a centralized entity. In contrast, DEXs, like Uniswap or PancakeSwap, promote autonomy and privacy, allowing transactions without intermediaries. However, they usually have lower liquidity and a more complex learning curve. CEXvsDEX101 introduces us to this key comparison for any crypto user. Understanding their differences helps make informed decisions based on our needs, level of experience, and financial goals in the blockchain ecosystem.