#CEXvsDEX101 Centralized Exchanges (CEX) like Binance and Coinbase are platforms where a company controls the trading, offers customer support, and manages liquidity. They’re user-friendly but require trust in the platform. Decentralized Exchanges (DEX), like Uniswap or PancakeSwap, operate without intermediaries; users trade directly from their wallets via smart contracts. DEX offers more privacy, control, and lower risk of hacks from a central party, but can be complex for beginners. CEX offers convenience; DEX offers freedom. Your choice depends on your security preference, experience level, and control over your funds. Always research before trading on either platform!