#CEXvsDEX101 CEX vs DEX 101: Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) serve as primary gateways to crypto trading, each with distinct value propositions. CEXs, like Binance or Coinbase, offer high liquidity, user-friendly interfaces, and custodial services—but require trust in a third party. DEXs, such as Uniswap or PancakeSwap, enable peer-to-peer trading via smart contracts, enhancing transparency and user control, but often with lower liquidity and more technical complexity. While CEXs dominate mainstream adoption, DEXs are critical for decentralization and innovation. Regulatory compliance, custody preferences, and trading goals dictate platform choice. Understanding both models empowers users to navigate the evolving digital asset landscape with strategic clarity and operational confidence.