#CEXvsDEX101 When entering the crypto world, one of the first decisions you’ll face is whether to trade on a centralized exchange (CEX) or a decentralized exchange (DEX). CEXs like Binance or Coinbase offer user-friendly interfaces, high liquidity, and customer support. However, they require KYC and involve giving up custody of your assets. DEXs such as Uniswap or PancakeSwap allow for anonymous, peer-to-peer trading and greater control over your funds, but often come with higher slippage, fewer trading pairs, and sometimes slower execution. Knowing the pros and cons of both is essential for aligning your strategy with your goals and risk tolerance.
