#CEXvsDEX101 CEX (Centralized Exchange) and DEX (Decentralized Exchange) are two types of cryptocurrency exchanges. Here's a brief comparison:
*CEX:*
- *Centralized platform*: Operated by a central authority
- *Faster transactions*: Higher transaction speeds
- *User-friendly interface*: Easier for beginners
- *Custodial*: Users' assets are held by the exchange
*DEX:*
- *Decentralized platform*: Operated on a blockchain
- *Non-custodial*: Users control their assets
- *More secure*: Reduced risk of central point of failure
- *Often more complex*: Steeper learning curve
When choosing between CEX and DEX, consider factors like security, ease of use, and control over assets...