#CEXvsDEX101
A CEX (Centralized Exchange) is like a traditional bank. It's operated by a single company, such as Coinbase or Binance, that holds your funds and facilitates trades. Think of it as a one-stop shop for buying, selling, and trading cryptocurrencies.
On the flip side, a DEX (Decentralized Exchange) is all about peer-to-peer trading. Platforms like Uniswap and PancakeSwap operate without a central authority, giving you more control over your assets. It's a more direct way to swap cryptos without an intermediary.
