CEX (Centralized Exchanges) and DEX (Decentralized Exchanges) offer two different approaches to exchanging cryptocurrencies. CEXs, like Binance or Coinbase, are managed by centralized entities that provide security, liquidity, and support but require you to entrust them with your funds. In contrast, DEXs like Uniswap or PancakeSwap enable peer-to-peer exchanges without intermediaries, enhancing privacy and control over your assets. However, DEXs may be less user-friendly for beginners and suffer from liquidity issues. The choice depends on your experience and priorities: centralized security or decentralized autonomy?

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