#CEXvsDEX101 you can choose between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX).

CEX platforms like Binance, KuCoin, and Kraken are run by companies and offer a user-friendly interface, high liquidity, and faster transactions. However, they usually require KYC verification and custody of your assets.

On the other hand, DEX platforms such as Uniswap and PancakeSwap are decentralized. You trade directly from your wallet without a middleman, providing more privacy and control. However, DEXs can have lower liquidity, higher slippage, and a more complex interface.

Both CEX and DEX have their pros