#CEXvsDEX101

#CEXvsDEX101

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are two key platforms for crypto trading. CEXs, like Binance or Coinbase, are user-friendly and offer high liquidity but require users to trust a central authority with their funds and data. DEXs, like Uniswap or PancakeSwap, operate without intermediaries, giving users full control over their assets through smart contracts. While DEXs offer greater privacy and decentralization, they may have lower liquidity and slower transactions. Each has pros and cons—CEXs for convenience and support, DEXs for autonomy and security. Choosing between them depends on your priorities in control, trust, and ease of use.