Decentralized vs. Centralized Exchanges: Which is Better?

Centralized exchanges (CEXs) are user-friendly and offer high liquidity, but they require trusting a third party with your funds. Popular examples include Binance and Coinbase.

Decentralized exchanges (DEXs), like Uniswap, allow peer-to-peer trading without intermediaries, offering greater privacy and control. However, they may have lower liquidity and can be more complex for beginners.

In short, CEXs offer convenience, while DEXs provide more control. Your choice depends on your priorities: ease of use or decentralization and security.#writetoearn