Choosing between a centralized exchange (CEX) and a decentralized exchange (DEX) depends a lot on what you are looking for as a trader. CEXs like Binance or KuCoin offer liquidity, ease of use, and support, but require you to trust your funds to third parties. In contrast, DEXs like Uniswap or PancakeSwap allow you to maintain control of your keys, but may have less liquidity and more complexity. I use CEX for trading the BTC/ETH pair due to speed and low fees, but I also have assets in DEX to experiment with DeFi. #CEXvsDEX101