#CEXvsDEX101

*CEX vs DEX 101: A Brief Comparison*

Cryptocurrency exchanges come in two primary forms: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). Here's a brief overview:

*CEX (Centralized Exchange)*

- *Central authority*: A single entity controls the exchange.$BNB

- *Custodial*: Users' funds are held by the exchange.

- *Faster transactions*: Higher transaction speeds.

*DEX (Decentralized Exchange)*

- *Decentralized network*: No single entity controls the exchange.

- *Non-custodial*: Users retain control of their funds.

- *Enhanced security*: Less vulnerable to hacking.

*Key differences:*$SOL

- *Control and security*: CEX holds users' funds, while DEX allows users to retain control.

- *Transaction speed*: CEX is generally faster, while DEX can be slower.

Ultimately, the choice between CEX and DEX depends on your priorities: ease of use, security, and control.$BTC