CEXvsDEX101 CEX vs DEX

Centralized Exchanges (CEX) like Binance or Coinbase are platforms operated by companies that act as intermediaries in crypto trading. They offer high liquidity, user-friendly interfaces, and customer support but require users to give up control of their private keys. Decentralized Exchanges (DEX) like Uniswap or PancakeSwap allow peer-to-peer trading directly from users’ wallets without intermediaries, offering more privacy and control. However, DEXs often have lower liquidity, limited customer support, and can be complex for beginners. In short, CEX is convenient and fast, while DEX prioritizes decentralization and user autonomy. The choice depends on your priorities: ease or control