#CEXvsDEX101
In crypto, where you trade matters. CEX (Centralized Exchanges) like Binance offer user-friendly interfaces, high liquidity, and fast trade execution. They're great for beginners but require KYC and trust in a third party. On the other hand, DEX (Decentralized Exchanges) like Uniswap or PancakeSwap give you full control of your assets, no sign-ups, and more privacy — but often with lower liquidity and slower speeds. CEXs are ideal for active, high-volume traders; DEXs are preferred for privacy-focused users and DeFi explorers. Each has pros and cons — your choice depends on your goals, risk tolerance, and need for control.