#CEXvsDEX101 CEX (Centralized Exchanges) and DEX (Decentralized Exchanges) offer two different approaches to exchanging cryptocurrencies. CEX, like Binance or Coinbase, are managed by centralized entities that provide security, liquidity, and assistance, but require you to entrust them with your funds. In contrast, DEX like Uniswap or PancakeSwap allow peer-to-peer exchanges without intermediaries, enhancing the privacy and control of your assets. However, DEX can be less user-friendly for beginners and may suffer from liquidity issues. The choice depends on your experience and priorities: centralized security or decentralized autonomy?