#TradingTypes101 what is CEX? What is DEX101
At first , "CEX" stands for Centralized Exchange and "DEX101" stands for Decentralized Exchange.
CEX
Centralized Authority ; platform in which manage a single organization
Custodial; hold users' funds in their own wallets which means users don't have direct control over their private keys.
Key Function; act as intermediaries, facilitating trading between users by matching buyers and sellers and managing the order book.
DEX
Decentralized Nature; they don't have a central authority that controls the trading process or holds users' funds.
Smart Contracts; on the blockchain handle the execution of trades and asset transfers.
Wallet Control: Users can control of their private keys and assets, enhancing security.
If so which exchange is most suitable with users? my thought is DEX is better than CEX because users can control their funds direct but there has a little a problem, if someone gonna hack , then CEX is better than DEX . I becoming confuse about this . what do u choose readers? DEX? CEX?
