#CEXvsDEX101 Understanding the Difference

Cryptocurrency exchanges come in two primary forms: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). CEX, like Binance and Coinbase, are traditional exchanges that hold users' funds and facilitate transactions. They offer high liquidity, user-friendly interfaces, and a wide range of trading pairs. DEXs, such as Uniswap, operate on blockchain technology, enabling peer-to-peer transactions without intermediaries. DEXs prioritize security, transparency, and decentralization. While CEXs offer convenience, DEXs provide greater control and autonomy. Understanding the differences between CEX and DEX can help traders choose the best platform for their needs and preferences. Each has its pros and cons.