#CEXvsDEX101 Centralized Exchanges (CEXs) like Binance and Coinbase are user-friendly and offer high liquidity, fast transactions, and customer support. However, users must trust the platform with their funds and personal data. Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap let users trade directly from their wallets, offering better privacy and control. But they can be harder to use, may have higher fees, and sometimes suffer from low liquidity. CEXs are ideal for beginners, while DEXs are preferred by experienced users who prioritize control and decentralization. Knowing the differences helps you make better trading choices.