#CEXvsDEX101 CEX (Centralized Exchanges) are traditional crypto exchanges like Coinbase or Binance. They act as intermediaries, holding user funds (custodial) and managing transactions. Pros: user-friendly, high liquidity, fiat-to-crypto options, customer support. Cons: security risks (centralized target for hacks), require KYC/AML (less privacy), less control over funds.

DEX (CEX (Centralized Exchanges) are traditional crypto exchanges like Coinbase or Binance. They act as intermediaries, holding user funds (custodial) and managing transactions. Pros: user-friendly, high liquidity, fiat-to-crypto options, customer support. Cons: security risks (centralized target for hacks), require KYC/AML (less privacy), less control over funds.

DEX (Decentralized Exchanges) like Uniswap or Exchanges) like Uniswap or