#CEXvsDEX101 *CEX (Centralized Exchange)*:

1. A platform where transactions are managed and facilitated by a central authority.

2. Examples: Binance, Coinbase.

3. *Advantages*: User-friendly interface, high liquidity, diverse trading pairs.

4. *Disadvantages*: Security risks, potential for hacking, centralized control.

*DEX (Decentralized Exchange)*:

1. A platform where transactions occur directly between users without intermediaries.

2. Examples: Uniswap, SushiSwap.

3. *Advantages*: Enhanced security, privacy, and decentralization.

4. *Disadvantages*: Complexity, lower liquidity, limited trading pairs.

The choice between CEX and DEX depends on individual priorities regarding security, ease of use, and control.