#CEXvsDEX101 When delving into the world of cryptocurrency trading, you'll inevitably encounter two primary types of exchanges: Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs). Both serve the purpose of facilitating crypto trades, but they operate on fundamentally different principles, each with its own set of advantages and disadvantages.

Centralized Exchanges (CEXs)

What they are: CEXs are like traditional financial institutions, but for cryptocurrencies. They are run by a central company or organization that acts as an intermediary between buyers and sellers. Examples include Binance, Coinbase, Kraken, and KuCoin.

How they work: