#CEXvsDEX101

Everything about centralized and decentralized cryptocurrency exchanges

There are two types of crypto enthusiasts: those who can't decide on the type of exchange, and those who use both at the same time.

Similarly, there are two types of crypto exchanges: centralized (CEX) and decentralized (DEX).

If you belong to those who are indecisive and can't choose a single type of exchange, or if you don't understand the difference between them at all, then this article will definitely help you. It contains everything worth knowing about centralized and decentralized cryptocurrency exchanges, their advantages and disadvantages.

Base. Ground. Foundation.

CEX (Centralised Exchange) is a centralized exchange for trading cryptocurrencies. They include industry giants like Binance, OKX, Kraken, and many others.

In contrast, DEX (Decentralized Exchange) is a decentralized cryptocurrency exchange that operates based on distributed ledger technology. Examples of such services include dYdX, Curve, Uniswap, and many other swaps.