#CEXvsDEX101

Refers to a comparison between centralized exchanges (CEX) and decentralized exchanges (DEX) in the world of cryptocurrencies. Here are the main differences:

*Centralized Exchanges (CEX)*

- Are cryptocurrency exchange platforms that are controlled by a centralized entity.

- Offer a user-friendly interface and high liquidity.

- Examples: Binance, Coinbase, Kraken.

*Decentralized Exchanges (DEX)*

- Are cryptocurrency exchange platforms that operate without a centralized entity.

- Use smart contracts and blockchain to facilitate transactions.

- Offer greater security and privacy.

- Examples: Uniswap, SushiSwap, PancakeSwap.

*Key Differences*

- *Centralization vs Decentralization*: CEX are controlled by a centralized entity, while DEX operate in a decentralized manner.

- *Security*: DEX are considered more secure due to the lack of a single point of failure.

- *Liquidity*: CEX usually have higher liquidity due to the large number of users and assets.

- *Interface*: CEX often have more user-friendly and easy-to-use interfaces.