#CEXvsDEX101 #CEXvsDEX101:

*CEX (Centralized Exchange)*:

- Operated by a central authority

- Users deposit funds into the exchange's custody

- Faster transaction speeds

- More user-friendly interface

- Examples: Binance, Coinbase

*DEX (Decentralized Exchange)*:

- Operates on a blockchain, decentralized network

- Users retain control of their funds

- Trustless and permissionless transactions

- Often more secure and transparent

- Examples: Uniswap, SushiSwap

Key differences: centralization vs. decentralization, custody of funds, and security models.