#CEXvsDEX101 CEXvsDEX101: Navigating Centralized vs. Decentralized Crypto Exchanges

Understanding the difference between Centralized (CEX) and Decentralized (DEX) exchanges is crucial for anyone entering the crypto world. #CEXvsDEX101 explores these two distinct approaches to trading digital assets. CEX platforms, like Binance or Coinbase, offer user-friendly interfaces, high liquidity, and fiat on/off-ramps, but require KYC and involve custodial risk. DEXs, such as Uniswap or PancakeSwap, provide true self-custody and anonymity, operating directly on the blockchain, yet often present a steeper learning curve and lower liquidity. This guide helps you weigh the pros and cons of each, empowering you to choose the best platform for your trading goals, whether you prioritize convenience or absolute control.