#CEXvsDEX101 #CEXvsDEX101

Centralized Exchanges (CEXs) like Binance or Coinbase are managed by companies that facilitate crypto trading, offering high liquidity, user-friendly interfaces, and customer support. However, they require users to trust the platform with their funds and personal data. Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap operate without intermediaries, allowing peer-to-peer trading directly from wallets, enhancing privacy and control. Yet, DEXs often have lower liquidity, limited trading pairs, and can be less intuitive for beginners. In essence, CEXs prioritize convenience and support, while DEXs focus on privacy and decentralization. Choose based on your needs, experience, and trust preferences in crypto trading.