#CEXvsDEX101
both DEXs and CEXs have their advantages and disadvantages. When choosing an exchange, it's important to consider factors such as security, liquidity, fees, user experience, and the specific needs of your trading strategy.
CEXs offer user-friendly interfaces, higher liquidity, and advanced trading features, but they come with potential security risks and require users to trust a centralized authority.
DEXs provide self-custody, anonymity, and lower fees, but they may have lower liquidity and a steeper learning curve for beginners. Ultimately, finding the right exchange depends on your preferences and trading requirements.
