#CEXvsDEX101 CEX are controlled by a single entity, while DEX do not require permissions and use smart contracts for transactions between users. CEX provide greater liquidity while maintaining control over your funds, whereas DEX offer greater control but are less user-friendly and have lower trading volumes. June 24, 2024

DEX provide you with full control, better privacy, and security, but have lower liquidity and are more complex to use.

The best centralized exchanges are Binance, Bybit, and MEXC, while the best decentralized exchanges are Uniswap, Jupiter, and Raydium.