#CEXvsDEX101
The difference between centralized exchanges (CEX) and decentralized exchanges (DEX) lies in control and security. Centralized exchanges prioritize ease of use and transaction speed, but rely on an intermediary and expose users to hacking risks. In contrast, decentralized exchanges provide users with total control over their assets, ensuring greater privacy and security through smart contract technology, but they may be slower and require more technical knowledge. The choice of exchange type depends on the user’s preferences between convenience, security, and control of their assets.