#CEXvsDEX101 CEX vs DEX 101: Understanding Crypto Exchanges
If you’re stepping into the world of cryptocurrency, one of the first choices you’ll face is where to trade. There are two main types of crypto exchanges: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). Both serve the same purpose — allowing users to buy, sell, and trade crypto — but they operate in very different ways.
🔷 What is a CEX (Centralized Exchange)?
A CEX is a cryptocurrency exchange that is run by a company or organization. It acts as a middleman between buyers and sellers and typically holds your funds in its own wallets.
✅ Pros of CEXs:
User-friendly: Great for beginners with easy interfaces.
High liquidity: Large volume makes it easier to buy/sell quickly.
Customer support: Assistance is usually available if you have issues.
Fiat on-ramps: Easily deposit money via credit cards or bank transfers.
❌ Cons of CEXs:
Lack of control: You don’t hold your private keys — the exchange doe…$BTC