#CEXvsDEX101 #CEXvsDEX101 The choice is yours. CEX and DEX are two types of platforms for trading cryptocurrencies that differ in their operating principles. CEX is a centralized exchange where all transactions go through an intermediary (the exchange), which also holds your funds and is responsible for security. DEX is a decentralized exchange where transactions occur directly between users without the involvement of a central organization, using smart contracts.