#CEXvsDEX101
CEX vs DEX: A Comparison in Cryptocurrency*
In the world of cryptocurrency, exchanges play a crucial role in buying, selling, and trading digital assets. There are two primary types of exchanges: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX).
*CEX:*
- Centralized platform
- Controlled by a single entity
- Higher liquidity
- User-friendly interface
- Examples: Binance, Coinbase
*DEX:*
- Decentralized platform
- Peer-to-peer transactions
- Greater security and transparency
- Lower fees
- Examples: Uniswap, SushiSwap
While CEX offers convenience and liquidity, DEX provides autonomy and security. Ultimately, the choice between CEX and DEX depends on individual preferences and priorities.
