#CEXvsDEX101 Understanding the Basics 👀

Centralized Exchanges (CEX)

CEX platforms, like Binance, offer user-friendly interfaces and high liquidity.

They custody users' funds, providing convenience but also security risks.

Decentralized Exchanges (DEX)

DEX platforms, like Uniswap, operate on blockchain technology, enabling peer-to-peer transactions without intermediaries.

They prioritize security and decentralization.

Key Differences

CEX: Custodial, centralized, and convenient. DEX: Non-custodial, decentralized, and secure.

Choose CEX for ease of use and high liquidity or DEX for security and autonomy.

Ultimately, the choice depends on individual priorities and risk tolerance.