#CEXvsDEX101 CEX vs DEX: Key Differences

Centralized Exchanges (CEX), like Binance and Coinbase, are managed by companies that facilitate crypto trading through a central platform. They offer high liquidity, user-friendly interfaces, and customer support but require users to trust the platform with their funds.

Decentralized Exchanges (DEX), such as Uniswap and PancakeSwap, operate without intermediaries, allowing peer-to-peer trading via smart contracts. They provide greater privacy and control but often have lower liquidity and may be harder for beginners.

CEX is ideal for convenience and speed, while DEX appeals to users prioritizing privacy and decentralization. Each serves different needs in the crypto ecosystem.