#CEXvsDEX101 Centralized Exchanges (CEx) like Binance provide high liquidity, fiat support, and user-friendly interfaces but require KYC and hold user funds, risking hacks. Decentralized Exchanges (DEX) like Uniswap offer privacy and control via non-custodial wallets, but face lower liquidity, higher gas fees, and complex interfaces. Choose CEx for ease, DEX for security.