#CEXvsDEX101
CEX vs DEX: The Battle for Crypto’s Soul
In the world of crypto, there’s an ongoing tug-of-war between centralized exchanges (CEXs) and decentralized exchanges (DEXs) — each offering a radically different approach to how we trade digital assets.
CEXs, like Binance or Coinbase, operate like traditional institutions. They offer user-friendly interfaces, deep liquidity, and fast execution. But there's a catch: they hold your keys. If the platform goes down or gets hacked, your funds are at risk. Convenience comes at the cost of control.
DEXs, such as Uniswap or PancakeSwap, flip that model. They let you trade directly from your own wallet, without signing up or giving away personal info. You keep your keys — and your sovereignty. But with great power comes great responsibility. Smart contract bugs, higher slippage, and limited fiat access can be pain points for the unprepared.
