#CEXvsDEX101 Centralized Exchanges (CEX) like Binance or Coinbase are managed by companies that act as intermediaries, offering high liquidity, fast transactions, and user-friendly interfaces. However, users must trust the platform with their funds and personal data. In contrast, Decentralized Exchanges (DEX) like Uniswap or PancakeSwap operate without intermediaries, allowing peer-to-peer trading through smart contracts. DEXs offer greater privacy and control over assets but may have lower liquidity, slower trades, and a steeper learning curve. CEXs are generally better for beginners, while DEXs appeal to users who value decentralization, privacy, and control. Each has its own advantages depending on user priorities.