#CEXvsDEX101 Centralized exchanges (CEX) and decentralized exchanges (DEX) serve as platforms for trading cryptocurrencies. CEX are regulated, offer user-friendly interfaces, and provide liquidity, but require trust in the platform and may involve higher fees. In contrast, DEX operate on blockchain technology, allowing peer-to-peer trading without intermediaries, enhancing privacy and security. However, they can have lower liquidity, higher volatility, and steeper learning curves. Users retain control of their funds in DEX, but risks include smart contract vulnerabilities. Ultimately, the choice between CEX and DEX depends on individual preferences for convenience, security, and control.