#CEXvsDEX101

Decentralized exchanges (DEX), which function directly between users using smart contracts, provide you complete control over your assets. This provides more privacy and removes the dangers of a single point of failure. However, they can have high gas prices, have less liquidity, and are generally less intuitive.

Your priorities will determine your decision. A CEX can be your first choice if you're looking for simplicity and liquidity. A DEX is the best option if security, privacy, and control are important to you. Many people mix the two. Do your homework and make an informed decision!