#CEXvsDEX101

Main Information about Centralized and Decentralized Cryptocurrency Exchanges

There are two types of crypto enthusiasts: those who cannot decide on the type of exchange, and those who use both types.

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

If you belong to those who are undecided and cannot choose a single type of exchange, or do not understand the difference between them at all, then this article will definitely help you. It contains everything you need to know about centralized and decentralized cryptocurrency exchanges, their advantages and disadvantages.

Base. Ground. Foundation.

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

On the other hand, DEX (Decentralized Exchange) is a decentralized cryptocurrency exchange that operates based on distributed ledger technology. Examples of such services include dYdX, Curve, Uniswap, and a significant portion of swaps.