#CEXvsDEX101
CEX (Centralized Exchange):
Pros: High liquidity, user-friendly interfaces, fast transactions, customer support.
Cons: Users must trust the platform to hold their funds (custodial), and they are vulnerable to hacks and regulatory restrictions.
DEX (Decentralized Exchange):
Pros: Greater privacy, control over funds (non-custodial), and resistance to censorship.
Cons: Lower liquidity, complex interfaces, and limited customer support