#CEXvsDEX101

"CEXvsDEX101" refers to an introductory comparison between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) in the cryptocurrency world. This topic is particularly relevant for individuals new to crypto trading, aiming to understand the fundamental differences between these two types of platforms.

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🔐 Centralized Exchanges (CEX)

Centralized exchanges are platforms operated by companies that act as intermediaries between buyers and sellers. Examples include Binance, Coinbase, and Kraken. These platforms offer user-friendly interfaces, high liquidity, and advanced trading features. However, users must trust the platform's security measures, as the exchange holds custody of their funds.

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🌐 Decentralized Exchanges (DEX)

Decentralized exchanges operate without a central authority, allowing users to trade directly with one another through smart contracts. Platforms like Uniswap and SushiSwap exemplify DEXs. They offer greater privacy, as users retain control of their private keys and typically do not require identity verification. However, DEXs may have lower liquidity and can be more complex for beginners.

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