#CEXvsDEX101 Understanding exchanges is critical. Centralized Exchanges (CEX) like Binance act as trusted intermediaries: they custody your funds, offer high liquidity, fiat on-ramps, and 24/7 support—ideal for beginners prioritizing security and ease. Decentralized Exchanges (DEX)(e.g., Uniswap, PancakeSwap) operate via smart contracts: you retain full asset control (non-custodial), trade peer-to-peer, but face complexities like gas fees and slippage. Binance bridges both worlds: access deep liquidity and staking (CEX) while using Binance Bridge to securely interact with DEX ecosystems. Start on Binance for guarded learning; advance to DEX as you master self-custody.