*CEX vs DEX 101 ๐๐ฑ*
*Centralized Exchanges (CEX)* like Binance or Coinbase are managed by companies. They offer fast trades, high liquidity, and user-friendly interfaces but require KYC and trust in a third party.
*Decentralized Exchanges (DEX)* like Uniswap or PancakeSwap run on smart contracts, allowing peer-to-peer trading without intermediaries. They offer more privacy and control but may have lower liquidity and require more technical knowledge.
CEXs are ideal for beginners; DEXs appeal to those valuing privacy and decentralization.
Know your goals, and choose wisely! ๐๐ช
