#CEXvsDEX101 exchanges are divided into two main groups: CEX (centralized exchanges) like Binance, and DEX (decentralized exchanges) like Uniswap. CEXs usually have higher liquidity, customer support, and a user-friendly interface. In contrast, DEXs offer more privacy and control over your funds, but can be more complex for new users. Personally, I prefer CEXs for daily trading, but I turn to DEXs when I want to make a quick swap without KYC. Which do you prefer?
