#CEXvsDEX101 CEX (Centralized Exchange) and DEX (Decentralized Exchange) are platforms for trading cryptocurrencies. CEXs, like Binance or Coinbase, are run by companies that control users' funds and handle transactions. They offer high liquidity, faster trades, and customer support but require KYC and trust in a central authority. DEXs, like Uniswap or PancakeSwap, operate without intermediaries, allowing peer-to-peer trading via smart contracts. They offer greater privacy and control but may have lower liquidity and slower transaction speeds. CEX vs DEX 101 introduces these basic differences, helping users choose based on security, control, ease of use, and trading needs in the crypto space.