Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) offer different experiences for crypto traders. A CEX like Binance or Coinbase is run by a company, which acts as a middleman, offering convenience and speed but requiring users to trust the platform with their funds. On the other hand, a DEX like Uniswap or PancakeSwap allows peer-to-peer trading through smart contracts without relying on a central authority. DEXs enhance privacy and control but may be harder to use for beginners. The choice between the two depends on what the user values most—control and privacy, or speed and user-friendliness. #CEXvsDEX101