#OrderTypes101 #CEXvsDEX101: Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are key pillars of crypto trading. CEXs like Binance or Coinbase act as intermediaries, offering user-friendly interfaces, high liquidity, and fast transactions—but at the cost of control and privacy. DEXs, such as Uniswap or PancakeSwap, operate without middlemen, allowing peer-to-peer trading via smart contracts. They offer greater autonomy and security but often have steeper learning curves and lower liquidity. Choosing between a CEX or DEX depends on your priorities: convenience vs. control. Understanding both is essential for navigating the evolving landscape of decentralized finance. #CryptoBasics #Web3 #DeFi