#CEXvsDEX101

#CEXvsDEX101 Centralized platforms rely on an intermediary to manage trading operations, and they are often more accessible for beginners, providing higher liquidity and faster execution. However, they require identity verification and store assets on their servers, making them vulnerable to potential hacks.

On the other hand, decentralized platforms rely on smart contracts and give users complete control over their funds without intermediaries, increasing privacy and security. However, they can be complex for some and face challenges such as low liquidity and high fees on certain networks.