#CEXvsDEX101
In the rapidly evolving crypto landscape, choosing between a CEX and a DEX can shape your trading experience. The largest of these are centralized exchanges (CEXs) that maintain traditional order books and require users to go through a know-your-customer (KYC) process. Decentralized exchanges (DEXs), however, operate independently, without a centralized third party managing trades. Crypto users should know the difference between a CEX vs DEX when choosing an exchange.
