#中心化与去中心化交易所 Centralized Exchange (CEX) Advantages:

Easy to operate, user-friendly interface, mature deposit and withdrawal process;

High liquidity, fast trading speed, low slippage;

Strong customer service and compliance.

Disadvantages:

User assets are held on the platform, and assets may be at risk if there is a hacker attack or operational risk;

Requires KYC, lower privacy;

Centralized regulation, susceptible to policy changes.

When using CEX, it is recommended to choose platforms with good reputation and compliance background.

Decentralized Exchange (DEX) Advantages:

Users control their private keys, no need to custody assets;

Transparent trading, trustless;

No KYC, privacy protection.

Disadvantages:

Trading speed limited by on-chain confirmations, fluctuating fees;

Insufficient liquidity, prone to slippage;

Complex operations, requires familiarity with wallets and gas fees.

When using DEX, pay attention to smart contract security risks.

CEX is suitable for users pursuing convenience and efficiency, while DEX is suitable for users who value security and privacy.

Choose based on needs and risk preferences.