#CEXvsDEX101

Centralized Exchanges (CEXs) like Binance and Coinbase are managed by companies. They're user-friendly, support fiat, and offer high liquidity, but they require ID verification and hold your funds. Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap run on smart contracts. No sign-ups, more privacy, and you control your crypto—your keys, your coins. However, they often have lower liquidity and may lack support. CEXs are great for beginners; DEXs empower advanced users. Know the trade-offs and stay safe. Whether CEX or DEX, always double-check token contracts and never rush a trade.