#CEXvsDEX101 Differences Between CEX and DEX in the Crypto World

In the world of cryptocurrency, two types of platforms that are often used are CEX (Centralized Exchange) and DEX (Decentralized Exchange). CEXs like Binance and Coinbase are controlled by centralized companies that manage users' assets and transactions. The main advantage of CEXs is the speed of transactions and ease of use, but users must trust their assets to third parties.

On the other hand, DEXs like Uniswap or PancakeSwap allow users to trade directly from personal wallets without intermediaries. DEXs offer full control over assets and are more aligned with the principles of decentralization, although their interfaces are often more complex and fees higher.