#CEXvsDEX101 Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) offer distinct approaches to cryptocurrency trading. CEX platforms like Binance and Coinbase act as intermediaries, providing user-friendly interfaces, high liquidity, and customer support, but require users to trust the platform with their funds. DEX platforms such as Uniswap and PancakeSwap operate without intermediaries, enabling peer-to-peer trading via smart contracts. They offer greater privacy and control but often face lower liquidity and more complex interfaces. In essence, CEX prioritizes convenience and accessibility, while DEX emphasizes decentralization and user sovereignty. Understanding both helps traders choose the right platform for their needs.