#CEXvsDEX101 Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) offer very different trading experiences. On a CEX like Binance, users trade through a centralized platform that handles custody, speed, and security. On a DEX, trades happen directly between wallets with no middleman, increasing privacy and control. While CEXs offer higher liquidity, better customer support, and fiat on-ramps, DEXs allow full ownership of funds and are often less regulated. It's essential to understand both models before investing. Personally, I use CEXs for convenience and DEXs when I want more control. Each has pros and cons—it depends on what you value most in your trading.