#CEXvsDEX101 — is a brief comparison of centralized (#Cex ) and decentralized (#DEX ) cryptocurrency exchanges. #Cex (for example, #Binance , Coinbase) are managed by companies, offer a high level of liquidity, user-friendly interfaces, and support. However, they require verification (KYC) and hold users' funds, which increases the risk of hacking. DEX (for example, Uniswap, PancakeSwap) operate without intermediaries, through smart contracts, ensuring anonymity and control over assets. However, they are less convenient for beginners, may suffer from low liquidity, and have limited support. The choice depends on priorities: security, control, or convenience. Ideally, one should understand and use both formats depending on the situation. Study the risks before trading.