#CEXvsDEX101

Strategic Exchange Selection for Crypto Traders**

Choosing between Centralized (CEX) and Decentralized Exchanges (DEX) involves critical trade-offs. CEXs (e.g., Binance, Coinbase) offer high liquidity, intuitive interfaces, and fiat integration but require trusting custodians with fund security. DEXs (e.g., Uniswap, dYdX) enable non-custodial trading, permissionless access, and transparency, yet demand technical proficiency, tolerate liquidity fragmentation, and incur network fees. Strategic use depends on priorities: CEXs suit swift execution and simplicity; DEXs excel for sovereignty or novel assets. Key considerations include security tolerance, asset needs, and cost efficiency. First-time DEX users must prioritize wallet security and gas fee awareness.