#CEXvsDEX101 In the crypto ecosystem, there are two main types of exchanges: centralized (CEX) and decentralized (DEX). A CEX, like Binance or Coinbase, acts as an intermediary and provides liquidity and support, but requires users to deposit their funds, which implies a certain level of trust in the platform. In contrast, a DEX like Uniswap or PancakeSwap allows users to trade directly from their wallets, promoting self-custody of assets. The main difference lies in the control of funds and the degree of decentralization. Both models have advantages and disadvantages that traders should consider.