#CEXvsDEX101
The debate between centralized exchanges (CEX) and decentralized exchanges (DEX) is ongoing in the cryptocurrency space. #CEXvsDEX101 breaks down the key differences between these two types of exchanges.
CEX platforms offer user-friendly interfaces, high liquidity, and a wide range of trading pairs. However, they are vulnerable to hacking and require users to trust a centralized authority with their funds.
DEX platforms, on the other hand, prioritize security, decentralization, and user control. They enable peer-to-peer transactions without intermediaries, but often have lower liquidity and more complex interfaces.
Ultimately, the choice between CEX and DEX depends on individual priorities and trading needs.