#CEXvsDEX101
The difference between centralized exchanges (CEX) and decentralized exchanges (DEX) lies in control and security.
Centralized exchanges focus on ease of use and transaction speed, but they rely on a third party and expose users to hacking risks.
On the other hand, decentralized exchanges provide users with full control over their assets, ensuring more privacy and security thanks to smart contract technology, but they may be slower and require more technical knowledge.
The choice of type depends on the user's preferences between convenience, security, and control over their assets.
