#CEXvsDEX101

#CEXvsDEX101 Here's a comparison between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX):

*Centralized Exchanges (CEX)*

- Controlled by a central authority

- Examples: Binance, Coinbase, Kraken

- Pros:

- User-friendly interface

- High liquidity

- Advanced trading features

- Cons:

- Centralized control can lead to security risks

- KYC requirements

- Potential for censorship

*Decentralized Exchanges (DEX)*

- Operate on blockchain technology

- Examples: Uniswap, SushiSwap, PancakeSwap

- Pros:

- Decentralized and trustless transactions

- Increased security and transparency

- No KYC requirements

- Cons:

- Can be complex to use

- Lower liquidity

- Potential for smart contract risks

*Key differences*

- Control: CEX are controlled by a central authority, while DEX operate on decentralized blockchain technology.

- Security: CEX are more vulnerable to security risks, while DEX are more secure due to their decentralized nature.

- Regulation: CEX are subject to regulatory oversight, while DEX operate in a more decentralized environment.

Would you like to know more about CEX, DEX, or trading in general?