#CEXvsDEX101

The difference between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX):

Centralized Exchanges (CEX):

Managed by central entities, characterized by ease of use, high liquidity, and technical support. However, they require "Know Your Customer" (KYC) procedures and hold users' private keys, which may expose assets to security risks.

Decentralized Exchanges (DEX):

Operate through smart contracts, allowing users to trade assets directly from their wallets without intermediaries. They provide greater privacy and complete control over assets, but may have lower liquidity and require greater technical knowledge.

The choice between CEX and DEX depends on your needs: if you prefer convenience and support, CEX may be suitable. If you prefer privacy and complete control over your assets, DEX may be the better option.

#CEXvsDEX101