#CEXvsDEX101 CEX vs DEX 101: Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs) are two primary ways to trade cryptocurrencies. CEXs, like Binance or Coinbase, act as intermediaries, offering user-friendly interfaces, high liquidity, and customer support—but users must trust the platform to manage their funds. DEXs, such as Uniswap or SushiSwap, operate without intermediaries, allowing peer-to-peer trading through smart contracts, giving users full control of their assets. While CEXs are faster and more accessible to beginners, DEXs provide greater privacy and decentralization. Understanding the pros and cons of each is key to choosing the right platform for your crypto needs.