#CEXvsDEX101

CEX is Centralized Exchanges and DEX is Decentralized Exchanges which serve the same purpose—trading crypto—but operate very differently.

CEXs like Binance are user-friendly and offer high liquidity, but they hold our funds and data. In contrast, DEXs like Uniswap or PancakeSwap give users full control of their assets, improving privacy and security, but often have lower liquidity and can be harder to use. Choosing between them depends on your priorities: convenience and speed, or control and decentralization.