#CEXvsDEX101 Centralized exchanges (CEXs) like Binance and Coinbase are user-friendly platforms for trading cryptocurrencies, offering high liquidity, fast transactions, and features like staking or lending. They require KYC, hold user funds, and are prone to hacks or regulatory scrutiny. Decentralized exchanges (DEXs) like Uniswap operate on blockchain protocols, enabling peer-to-peer trading without intermediaries. Users retain control of funds via wallets, enhancing security but requiring technical know-how. DEXs have lower liquidity and slower speeds but prioritize privacy and decentralization. CEXs suit beginners and high-volume traders; DEXs appeal to those valuing autonomy. Both face regulatory challenges as crypto evolves.