#CEXvsDEX101 *CEX (Centralized Exchanges) like Binance
Think of it as the New York Stock Exchange of cryptocurrencies. It is a company, with offices, executives, and a system that they control. Here I place my trust (and part of my capital) in exchange for efficiency.
*DEX (Decentralized Exchanges) like Uniswap or PancakeSwap
Think of it as a public and open market, with no one in charge. It is a set of smart contracts that run on a blockchain and allow anyone to exchange assets directly from their wallets.
CEXs are my high-frequency trading workshop, and DEXs are my exploration ground and hunting ground for early opportunities. A professional knows how to use both tools, fully understanding the risks and benefits of each one.
