#CEXvsDEX101 In the world of cryptocurrencies, CEX (centralized) exchanges are platforms managed by companies that allow users to buy, sell, and trade cryptocurrencies, while DEX (decentralized) operate without a central intermediary, using smart contracts and blockchain.

Centralized Exchanges (CEX):

Operation:

CEX operate like traditional exchange platforms, where the company manages transactions and users' funds.

Examples:

Binance, Coinbase, Bybit, Bitget, Okx are examples of popular CEX.

Advantages:

Higher liquidity, ease of use, customer support, and access to fiat currencies.

Disadvantages:

Higher risk of centralization, possible company control over users' funds and transactions.

Decentralized Exchanges (DEX):

Operation:

DEX operate without a centralized intermediary, using smart contracts on blockchain to facilitate transactions between users.

Examples:

Uniswap, SushiSwap, KyberSwap are examples of popular DEX.

Advantages:

Greater privacy, user control over funds, greater transparency, and higher security compared to some CEX.

Disadvantages:

Less liquidity, greater difficulty of use for novice users, higher risk of hacks, and greater technical complexity.

In summary, the choice between a CEX and a DEX depends on the preferences of each user. CEX offer greater ease of use and liquidity, while DEX provide greater privacy and control over funds.