#CEXvsDEX101 CEXvsDEX101 is a term that refers to an introduction or basic guide comparing centralized exchanges (CEX) and decentralized exchanges (DEX) in the cryptocurrency market. CEXs, such as Binance, Coinbase, and Kraken, are platforms operated by companies that control the operations, offer greater liquidity, customer support, and a user-friendly interface for beginner users. However, they also present security-related risks, as funds are under the control of the platform. On the other hand, DEXs, such as Uniswap and SushiSwap, operate in a decentralized manner using smart contracts on the blockchain, allowing users to maintain full control over their assets and trade directly with each other. DEXs offer greater privacy and resistance to censorship, but may have lower liquidity and a steeper learning curve. Understanding the differences between CEXs and DEXs is essential for investors who wish to choose the platform that best suits their security, privacy, and ease of use needs.