#CEXvsDEX101

The difference between CEX (Centralized Exchange) and DEX (Decentralized Exchange) is quite significant and important to understand. CEXs like Binance or Coinbase offer high liquidity, user-friendly interfaces, and fast transaction speeds. However, users must relinquish control over their assets to a third party. On the other hand, DEXs like Uniswap or PancakeSwap provide full control over your assets, as you trade directly from your personal wallet. DEXs are generally more secure against hacking because they do not store users' assets centrally. However, DEXs also have drawbacks, such as lower liquidity and less beginner-friendly interfaces. The choice between CEX and DEX depends on your needs: convenience and speed, or security and decentralization.