#CEXvsDEX101
Centralized exchanges (**CEX**) like Binance offer high liquidity, speed, and ease of use, ideal for beginners. However, they require trusting a third party with your funds, which involves risks of hacks or regulation.
Decentralized exchanges (**DEX**) like Uniswap provide complete control over your assets and privacy, operating without intermediaries. But they often have lower liquidity, variable fees, and technical complexity.
**When to use them?**
- **CEX**: For frequent trading, institutional security, and access to fiat.
- **DEX**: For financial sovereignty, unlisted tokens, and transparency.
