#CEXvsDEX101 *CEX vs DEX 101: Understanding the Difference**

In the world of cryptocurrency, **CEX** (Centralized Exchange) and **DEX** (Decentralized Exchange) are two key platforms.

1. **CEX**: Operates under a central authority, like Binance or Coinbase, where transactions are managed by a single entity. It offers user-friendly interfaces but requires trust in the exchange's security and management.

2. **DEX**: A peer-to-peer system, like Uniswap or Sushiswap, where transactions happen directly between users without an intermediary. DEXs provide greater privacy and control but can have higher fees and lower liquidity.

Both have pros and cons—choose based on your needs!