#CEXvsDEX101 CEX vs DEX: Centralized Exchanges (CEX) vs Decentralized Exchanges (DEX).

*Centralized Exchanges (CEX):*

1. *Control*: Central authority manages transactions and user funds.

2. *Liquidity*: High liquidity due to large user base.

3. *User Experience*: User-friendly interfaces.

4. *Security*: Potential security risks due to centralized control.

*Decentralized Exchanges (DEX):*

1. *Decentralized Control*: No central authority; transactions occur directly between users.

2. *Security*: Enhanced security due to decentralized nature.

3. *Privacy*: Greater user privacy.

4. *Liquidity*: Potential liquidity issues.

*Key Differences:*

1. *Trust*: CEX requires trust in the central authority, while DEX operates trustlessly.

2. *Regulation*: CEX often subject to stricter regulations.

3. *Fees*: DEX can have higher fees due to blockchain transaction costs.

*Examples:*

1. CEX: Binance, Coinbase

2. DEX: Uniswap, SushiSwap