#CEXvsDEX101

CEX (Centralized Exchange) vs DEX (Decentralized Exchange):

CEX : A centralized platform where transactions are managed by a central authority. Examples include Binance and Coinbase. Offers user-friendly interface, high liquidity, and fast transactions.

DEX : A decentralized platform where transactions occur directly between users without intermediaries. Examples include Uniswap and SushiSwap. Offers greater security, transparency, and control over assets.

Key differences:

Security : DEXs are generally more secure due to decentralization.

Control : DEXs give users more control over their assets.

Liquidity : CEXs often have higher liquidity.

Choose based on your priorities: security and control (DEX) or convenience and liquidity (CEX).