#CEXvsDEX101 Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are the two main platforms in crypto trading. CEXs like Binance and Coinbase are easy to use, offer high liquidity, and support fiat currencies. However, they hold your funds, which can be a risk if the exchange gets hacked. On the other hand, DEXs like Uniswap or PancakeSwap let you trade directly from your wallet, offering more control and privacy. But they may have lower liquidity, higher fees, and a more complex interface. Both have their pros and cons, and choosing between them depends on your needs and experience.