#CEXvsDEX101 explains the difference between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). CEXs like Binance act as intermediaries, offering high liquidity, fast trades, and user-friendly interfaces. They require KYC and hold user funds, which adds convenience but centralizes control. DEXs, on the other hand, operate without intermediaries. Users trade directly from their wallets, retaining full control of assets and privacy. However, DEXs may have lower liquidity, slower transactions, and higher technical barriers. Choosing between CEX and DEX depends on your priorities: convenience and speed, or privacy and control. Understanding both empowers smarter, safer crypto trading decisions.