#CEXvsDEX101 are cryptocurrency exchange platforms that act as intermediaries, offering high liquidity and a wide range of services, but require trust in the central entity and can be more vulnerable to hacks. Examples include Binance and Coinbase.
DEX (Decentralized Exchanges) operate without intermediaries, allowing users to trade cryptocurrencies directly with each other. They offer greater privacy and control over funds, but often have lower liquidity and can be more complex to use.
Here are some examples:
