#CEXvsDEX101

CEX (Centralized Exchange) vs DEX (Decentralized Exchange):

- *CEX*: Centralized, user-friendly, high liquidity, but custody risk.

- *DEX*: Decentralized, non-custodial, transparent, but often lower liquidity and more complex.

- *Examples*: CEX - Binance, Coinbase; DEX - Uniswap, PancakeSwap.

Choose based on priorities: security, ease of use or control [2].