#CEXvsDEX101 Exchanges (CEX) and Decentralized Exchanges (DEX) are two major platforms for trading crypto, each with unique features.

🔹 CEX platforms like Binance or Coinbase are managed by a central authority. They offer high liquidity, user-friendly interfaces, and customer support—ideal for beginners. However, users must trust the exchange with their funds, making them vulnerable to hacks or mismanagement.

🔹 DEX platforms like Uniswap or PancakeSwap operate without intermediaries. They offer greater privacy and control over assets, as users trade directly from their wallets. But DEXs may have lower liquidity, limited features, and a steeper learning curve.

Pros of CEX: Speed, liquidity, ease of use

Cons of CEX: Centralized control, custodial risk

Pros of DEX: Ownership of funds, privacy

Cons of DEX: Complexity, potential for failed trades

✨ When to use which? Choose CEX for quick trades and fiat on-ramps; DEX when privacy and decentralization matter most.

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