#CEXvsDEX101 **#CEXvsDEX101: Key Differences**

Centralized exchanges (CEX) like Binance and Coinbase act as intermediaries, offering high liquidity, fast trades, and user-friendly interfaces. However, they require KYC and control your funds, posing security risks if hacked.

Decentralized exchanges (DEX) like Uniswap and PancakeSwap operate on blockchains via smart contracts, allowing peer-to-peer trading without middlemen. Users retain control of their funds, but liquidity can be lower, and transactions may be slower and costlier.

**CEX:** Easier for beginners, but less private.

**DEX:** More secure & trustless, but complex.

Choose based on your priorities! #Crypto #Trading101