#CEXvsDEX101

CEXvsDEX101: Centralized vs. Decentralized Exchanges Explained

When trading crypto, you’ll come across two main types of platforms: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX).

🔒 CEXs like Binance offer high liquidity, fast execution, and user-friendly interfaces. They're ideal for beginners but require users to trust the platform with their funds.

🔓 DEXs, on the other hand, like Uniswap or PancakeSwap, run on smart contracts—no middlemen. You control your private keys, but you may face lower liquidity and slower transactions.

Each has pros and cons depending on your goals. Understanding both is crucial for smarter trading decisions.