#CEXvsDEX101 The topic of CEX vs DEX 101 usually refers to a basic comparison between centralized exchanges and decentralized exchanges in the cryptocurrency world. Centralized exchanges, or CEXs, are platforms operated by a central authority where users can trade cryptocurrencies by entrusting the management of their funds to the platform. In contrast, decentralized exchanges, or DEXs, allow users to trade directly with one another without the need for an intermediary, offering greater privacy and control over their assets. Understanding the differences in terms of security, control, fees, and ease of use between these two types of exchanges is crucial for any cryptocurrency enthusiast or investor.