#CEXvsDEX101

CEX (Centralized Exchange) and DEX (Decentralized Exchange) are two types of cryptocurrency exchanges that differ in their architecture, functionality, and user experience.

*Centralized Exchanges (CEX):*

- *Definition*: A CEX is a platform that facilitates buying, selling, and trading of cryptocurrencies, operated by a central authority.

- *Characteristics*: CEXs are known for their user-friendly interfaces, high liquidity, and robust security measures.