#CEXvsDEX101 Centralized Exchanges (CEXs) are managed by companies, offering high liquidity and user-friendly interfaces but require trust in a third party. Decentralized Exchanges (DEXs) run on blockchain, allowing peer-to-peer trading without intermediaries, offering more privacy and control. CEXs suit beginners; DEXs appeal to those valuing autonomy and security. Choose based on your trading goals.
