#CEXvsDEX101 Centralized Exchanges (CEXs) like Binance offer user-friendly interfaces, high liquidity, and fast transactions — perfect for beginners. They handle order books, custody, and security, making trading smooth. However, you trust the platform with your funds, which can be risky during hacks or shutdowns.

On the other hand, Decentralized Exchanges (DEXs) like Uniswap and PancakeSwap let you trade peer-to-peer without intermediaries. You control your private keys and funds, which means more freedom but also more responsibility. DEXs are permissionless and offer better privacy, but they can suffer from lower liquidity and higher slippage.

I prefer CEXs for quick trades and DEXs when I want full custody. It depends on the use case!