The interest in cryptocurrencies and the development of trading tools is growing day by day, highlighting the comparison between centralized exchanges (CEX) and decentralized exchanges (DEX) as one of the crucial topics that every investor, whether beginner or professional, should be armed with.

Centralized exchanges are very much like the easy and paved path to the crypto world; they provide simple user interfaces, direct customer service, and huge liquidity that allows for quick execution of trades, not to mention their support for fiat currencies. However, on the flip side, they require you to hand over control of your money to a third party, which opens the door to possibilities such as hacks or freezing due to regulatory orders.

On the other hand, decentralized exchanges are like choosing to walk the path of complete freedom—no intermediaries, no interventions, just you, your wallet, and smart contracts. These platforms give you full control over your funds and provide high transparency thanks to blockchain technologies. However, this independence comes at a cost: less liquidity, potentially high gas fees, and a user experience that may seem complicated for those entering this world for the first time.

So, which path will you choose? The answer is not the same for everyone. If you are looking for simplicity and support, you might find what you seek in CEX. If you are a fan of privacy and complete control, then DEX might be your best option. With the emergence of hybrid platforms seeking to combine the advantages of both models.