#CEXvsDEX101

Central exchanges (CEX) and decentralized exchanges (DEX) are the two main types of digital exchanges. Central exchanges rely on centralized intermediaries to manage transactions and provide services, while decentralized exchanges use blockchain technology and smart contracts to execute transactions directly and securely.

Central exchanges offer ease of use and high liquidity, but they may be more susceptible to cyberattacks and fraud. Decentralized exchanges provide higher security and greater transparency, but they can be more complex to use and offer less liquidity.