#CEXvsDEX101 Pros: Easy to use, fast trades, customer support.

Cons: Requires KYC, funds held by the exchange, higher security risks.

DEX (Decentralized Exchange): A blockchain-based platform with no central authority. Trades happen via smart contracts. Examples: Uniswap, SushiSwap, PancakeSwap.

Pros: More privacy, user holds their own funds, censorship-resistant.