#CEXvsDEX101

Choose your platform carefully

CEX is short for "Centralized Exchange" and means "centralized exchange". It is a centralized trading platform for cryptocurrencies, where transactions and trades are managed by a central third party. CEX stands out for its ease of use and high liquidity, but it may be subject to security risks due to the presence of a central third party that holds users' assets. Some examples of CEX platforms include Binance and Coinbase. CEX is used by traders and investors to buy and sell cryptocurrencies easily and quickly.