#CEXvsDEX101

Centralized Exchanges (CEXs) like Binance or Coinbase are run by companies that manage user funds and trades, offering high liquidity, fast transactions, and customer support. However, users must trust the platform with their assets. Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap allow peer-to-peer trading through smart contracts, offering greater privacy and control, but often have lower liquidity and slower speeds. CEXs are beginner-friendly, while DEXs appeal to users who value autonomy and decentralization. Choosing between them depends on your trading goals, risk tolerance, and desire for control versus convenience.