#CEXvsDEX101

CEX vs DEX: Understanding the Differences

*CEX (Centralized Exchange)*

- Centralized platform that facilitates the buying and selling of cryptocurrencies.

- Examples: Binance, Coinbase.

- Advantages: User-friendly interface, high liquidity, variety of assets.

- Disadvantages: Centralized security risk, transaction fees.

*DEX (Decentralized Exchange)*

- Decentralized platform that allows for direct exchange of cryptocurrencies between users.

- Examples: Uniswap, SushiSwap.

- Advantages: Decentralized security, complete control over funds, lower fees.

- Disadvantages: Complexity for beginners, variable liquidity.

What is your preference? CEX or DEX?