#CEXvsDEX101

CEX vs DEX 101: Understanding the Basics of Crypto Exchanges

In the world of cryptocurrency, buying, selling, and trading assets happens through two primary types of platforms: Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs). Understanding the differences between these two can help you make informed decisions when entering the crypto space.

What is a CEX?

A Centralized Exchange (CEX) is managed by a company or organization. Platforms like Binance, Coinbase, and Kraken fall into this category. These exchanges act as intermediaries between buyers and sellers, offering user-friendly interfaces, customer support, and high liquidity. However, users must create accounts and trust the platform with their funds and personal information.