In the crypto world, there are two main types of exchanges: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). CEX platforms like Binance, Coinbase, and KuCoin are controlled by a company or organization. They offer user-friendly interfaces, fast transactions, and customer support, but they require personal information and can be vulnerable to hacks.

On the other hand, DEX platforms like Uniswap and PancakeSwap operate on blockchain technology, allowing users full control over their funds. They are more transparent and private, but sometimes harder to use. Each type has its pros and cons, so users should choose based on their needs.

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