Centralized Exchanges (CEXs) like Binance offer user-friendly interfaces, high liquidity, and fast trade execution, but require users to trust the platform with their funds and data. Decentralized Exchanges (DEXs), such as Uniswap or PancakeSwap, let users trade directly from their wallets, promoting privacy and control, but often have lower liquidity and slower transactions. CEXs are great for beginners and large-volume traders, while DEXs appeal to those prioritizing decentralization and security. Each has its pros and cons—choosing depends on your trading goals, risk tolerance, and technical know-how. #CEXvsDEX101 #CryptoTrading #BlockchainBasics #Decentralization