#CEXvsDEX101 "Cryptocurrency exchanges (CEX) and decentralized exchanges (DEX) are key platforms for trading digital assets. CEXs, like Binance and Coinbase, offer user-friendly interfaces and a wide variety of cryptocurrencies, but require users to trust their funds to a third party. On the other hand, DEXs, like Uniswap and SushiSwap, allow peer-to-peer trading without intermediaries, increasing security and privacy. Although DEXs can be more complex, they offer greater autonomy and control over funds. The choice between CEX and DEX depends on the individual needs and preferences of each user."

Binance is centralized but legal.