In the world of crypto, understanding the difference between centralized exchanges (CEX) and decentralized exchanges (DEX) is key. A CEX like Binance or Coinbase acts as a middleman, offering high liquidity, advanced trading tools, and user-friendly interfaces—but it also requires users to trust the platform with their assets. On the other hand, a DEX like Uniswap or PancakeSwap allows for peer-to-peer trading, giving users full control over their funds and wallet keys. However, DEXs often come with lower liquidity, limited features, and higher risk of slippage. Choosing between the two depends on your priorities: convenience vs. control.
