#CEXvsDEX101 *CEX vs DEX 101: Understanding the Difference*

*CEX (Centralized Exchange)*:

1. *Examples*: Binance, Coinbase, Kraken

2. *Characteristics*: Centralized authority, order books, high liquidity

3. *Pros*: User-friendly, fast transactions, high trading volumes

4. *Cons*: Security risks, potential for censorship, fees

*DEX (Decentralized Exchange)*:

1. *Examples*: Uniswap, SushiSwap, PancakeSwap

2. *Characteristics*: Decentralized, peer-to-peer transactions, blockchain-based

3. *Pros*: Enhanced security, transparency, autonomy

4. *Cons*: Complexity, lower liquidity, potential for price volatility

*Key differences*:

1. *Control*: CEX has centralized control, while DEX operates on decentralized networks.

2. *Security*: DEX prioritizes security through blockchain technology, while CEX relies on centralized security measures.

*Which one is right for you?*