#CEXvsDEX101 #CEXvsDEX101 encapsulates the fundamental differences between centralized exchanges (CEXs) like Binance and Coinbase, and decentralized exchanges (DEXs) like Uniswap and SushiSwap. CEXs offer user-friendly interfaces, higher liquidity, and regulatory oversight but require users to relinquish control of their private keys. DEXs, on the other hand, provide self-custody, enhanced privacy, and permissionless trading directly from users' wallets, but often come with lower liquidity, higher gas fees, and more complex interfaces. The choice between CEXs and DEXs depends on individual priorities regarding security, control, ease of use, and trading preferences.