#CEXvsDEX101

Centralized exchanges (CEX), such as Binance or Coinbase, offer a high level of liquidity, a user-friendly interface, and customer support. They store user funds on their servers, which makes them vulnerable to hacks, but convenient for beginners.

Decentralized exchanges (DEX), such as Uniswap or PancakeSwap, operate without intermediaries. Users retain control over their funds, which increases security but requires a greater understanding of the technology. DEX often have lower fees, but also less liquidity.

CEXs are suitable for quick trading and convenience, whereas DEXs are for those who value privacy and control. The choice depends on your goals, experience, and risk tolerance.