#CEXvsDEX101 Centralized or Decentralized?

CEXs (Centralized Exchanges) like Binance and Coinbase offer speed, liquidity, and user-friendly features—but you trade through a middleman, risking hacks or freezes. DEXs (Decentralized Exchanges) like Uniswap and PancakeSwap let you trade directly from your wallet—no KYC, no custodial risk, but often slower, with higher slippage and less support. CEXs suit beginners; DEXs empower the self-sovereign. Each has pros and cons. The smart move? Learn both. Diversify where you trade, just like you diversify what you trade.