#CEXvsDEX101

Here are the 100 words about centralized and decentralized exchanges:

Centralized exchanges (CEX) and decentralized exchanges (DEX) are platforms for trading cryptocurrencies. CEX, such as Binance and Coinbase, offer user-friendly interfaces, high liquidity, and support for multiple cryptocurrencies, but require trust in intermediaries and can be vulnerable to cyber attacks. DEXs, such as Uniswap and PancakeSwap, enable peer-to-peer trading without intermediaries, increasing security and privacy, but may have lower liquidity and more complex interfaces. The choice between CEX and DEX depends on user priorities, such as security, ease of use, and liquidity. Both have advantages and disadvantages.