#CEXvsDEX101 Centralized exchanges (CEX) like Binance offer a user-friendly interface, high liquidity, and fast transactions, but involve centralized control and hacking risks. In contrast, decentralized exchanges (DEX) like Uniswap give users full control of their funds, promote anonymity and transparency, but often suffer from higher fees, lower liquidity, and a steeper learning curve. Today, with the rise of regulations and security concerns, many users are turning to DEXs, although CEXs remain dominant for their convenience and performance.