#CEXvsDEX101

Centralized vs. Decentralized Exchanges**

Choosing where to trade crypto? Understand CEX vs. DEX:

* **CEX (Centralized Exchange):** Like a traditional broker (e.g., Binance, Coinbase). They hold your funds (**custodial**), offer fiat on/off ramps, high liquidity, and user-friendly interfaces. You trust them with security and operations. Great for beginners.

* **DEX (Decentralized Exchange):** Peer-to-peer trading on blockchains (e.g., Uniswap, PancakeSwap). **You control your funds** (non-custodial wallet). Trades execute via smart contracts, offering more anonymity and resilience against hacks. Can be complex and have lower liquidity.

**Choose CEX for ease & liquidity. Choose DEX for control & self-custody.** #CEXvsDEX101