differences between CEXs (like Binance, Coinbase) and DEXs (like Uniswap, PancakeSwap ).

1. Custody

CEX: Exchange holds your funds (custodial).

DEX: You control your wallet & private keys (non-custodial).

DEX = "Not your keys, not your coins" solved.

2. Trading Experience

CEX: Smooth UI, fast trades, high liquidity.

DEX: Usually slower, but improving fast. Some advanced features like limit orders now exist on some DEXS.

CEX better for beginners.

DEX better for DeFi-native users.

3. Token Access