#CEXvsDEX101 The choice between centralized exchanges (CEXs) and decentralized exchanges (DEXs) can shape your trading experience. #CEXvsDEX101 explains that CEXs like Binance and Coinbase are user-friendly, fast, and offer high liquidity, but they require KYC and hold your funds. On the other hand, DEXs like Uniswap and PancakeSwap offer privacy, self-custody, and permissionless access—but often with lower liquidity and slower trade execution. CEXs are best for beginners or those trading large volumes, while DEXs are great for privacy advocates and DeFi enthusiasts. Personally, I use both: CEXs for fiat on-ramps and DEXs for swapping altcoins and accessing early-stage tokens.