#CEXvsDEX101

In the world of cryptocurrencies, platforms are divided into two main types: centralized platforms (CEX) and decentralized platforms (DEX).

A centralized platform like Binance or Coinbase is operated by a single entity that controls the operations and holds the wallet keys, providing speed and ease of use, but at the cost of privacy and personal control.

On the other hand, a decentralized platform like Uniswap or PancakeSwap allows trading directly between users through smart contracts without a central intermediary, enhancing privacy and control over assets, but it may be less user-friendly and requires a greater technical understanding.

CEX is suitable for beginners and high liquidity, while DEX is suitable for those seeking independence and security. Each has its advantages and disadvantages, and the choice depends on the user's priorities.