#CEXvsDEX101

CEX (Centralized Exchange)*:

- Acts as an intermediary between buyers and sellers

- Examples: Binance, Coinbase

- Pros: User-friendly, high liquidity, advanced features

- Cons: Security risks, potential for censorship, dependence on central authority

*DEX (Decentralized Exchange)*:

- Enables peer-to-peer transactions without intermediaries

- Examples: Uniswap, PancakeSwap

- Pros: Enhanced security, transparency, autonomy

- Cons: Complexity, lower liquidity, potential for high slippage

Choosing between CEX and DEX depends on your priorities: security, ease of use, and control over your assets.