#CEXvsDEX101 CEX vs DEX 101! Let's dive in:

*Centralized Exchanges (CEX):*

1. *Definition*: Exchanges controlled by a central authority.

2. *Examples*: Binance, Coinbase.

3. *Pros*: User-friendly, high liquidity, advanced features.

4. *Cons*: Security risks, potential for censorship.

*Decentralized Exchanges (DEX):*

1. *Definition*: Exchanges operating on blockchain, without central control.

2. *Examples*: Uniswap, SushiSwap.

3. *Pros*: Enhanced security, transparency, and autonomy.

4. *Cons*: Complexity, lower liquidity.

*Key differences:*

1. *Control*: CEX has central control, while DEX operates on blockchain.

2. *Security*: DEX prioritizes security, while CEX relies on central authority.

3. *User Experience*: CEX often more user-friendly.

Which type of exchange do you prefer?