#CEXvsDEX101 CEX vs DEX: Know Your Options
🔘 What are CEX and DEX?
Crypto trading platforms come in two flavors: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX).
🔷 CEX Characteristics
- User-friendly interfaces
- High liquidity
- Advanced features
- Security risks and regulatory issues
⏺ Examples:
- Binance
- Coinbase
🔷 DEX Characteristics
- Trustless and decentralized environment
- Prioritizes security and control
- Can be complex
- Lower liquidity
⏺ Examples:
- Uniswap
🔍Comparison Chart
Choose Wisely
Prioritize security and control or user experience and liquidity. Understand the differences to make informed trading decisions.