What is the main difference between a CEX and a DEX?
A centralized exchange (CEX) is managed by a company that oversees transactions, while a decentralized exchange (DEX) operates without intermediaries using smart contracts.
Which is safer: CEX or DEX?
DEXs offer more security as users control their funds, thus reducing the risk of hacking, while CEXs are more vulnerable due to centralized control.
Which type of exchange offers better liquidity?
CEXs generally offer higher liquidity as they have more users and resources to manage large trading volumes, unlike most DEXs...
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