#CEXvsDEX101 CEX vs DEX 101: Understanding the Basics

*CEX (Centralized Exchange)*:

- A platform that facilitates buying and selling of cryptocurrencies through a central authority.

- Examples: Binance, Coinbase, Kraken.

*DEX (Decentralized Exchange)*:

- A platform that enables peer-to-peer transactions without a central authority.

- Examples: Uniswap, SushiSwap, PancakeSwap.

*Key differences:*

- *Centralization*: CEXs are controlled by a central authority, while DEXs operate on a decentralized network.

- *Security*: DEXs are considered more secure since users control their assets.

- *Liquidity*: CEXs typically have higher liquidity.

*Which one is right for you?*

- *CEX*: Suitable for users who value ease of use and high liquidity.

- *DEX*: Suitable for users who prioritize security and control over their assets.

Want to know more about CEXs and DEXs?