#CEXvsDEX101 CEX (Centralized Exchanges)**: Platforms like Binance and Coinbase that act as intermediaries for trading. They offer **high liquidity, ease of use, and customer support**, but require users to trust a third party with their funds=CEXvsDEX101&citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "

- **DEX (Decentralized Exchanges)**: Platforms like Uniswap and PancakeSwap that allow peer-to-peer trading via smart contracts.