#CEXvsDEX101 CEX vs. DEX: A Concise Overview

Centralized Exchanges (CEXs) offer user-friendliness, high liquidity, and fiat on/off-ramps, akin to traditional financial brokers. However, they involve custodial risk and KYC requirements.

Decentralized Exchanges (DEXs) champion self-custody and anonymity, allowing direct peer-to-peer trading via smart contracts. While offering greater control and censorship resistance, DEXs often present lower liquidity, higher gas fees, and a steeper learning curve.

The choice hinges on prioritizing convenience versus autonomy in the crypto realm.