#CEXvsDEX101 Centralized exchanges (CEXs) like Binance offer high liquidity, user-friendly interfaces, and fast trade execution. They're ideal for beginners and active traders, but require trusting a third party with your funds. Decentralized exchanges (DEXs), on the other hand, offer full control over your assets and more privacy, but may lack liquidity and have higher learning curves. I prefer CEXs for quick trades, advanced tools, and better customer support. But I turn to DEXs when I want full custody of my assets and to trade newer tokens. Each has its place depending on the situation and strategy.