#CEXvsDEX101 CEX (Centralized Exchanges) and DEX (Decentralized Exchanges) are two types of cryptocurrency trading platforms.

**CEX:**

- Operated by centralized entities.

- Users deposit funds directly to the exchange.

- Offers user-friendly interfaces and customer support.

- Generally higher liquidity and faster transactions.

- May require KYC (Know Your Customer) verification.

**DEX:**

- Operated on blockchain technology with no central authority.

- Users retain control of their funds (non-custodial).

- Provides more privacy and anonymity.

- Typically lower liquidity and slower transactions.

- No KYC, but can have higher risk of smart contract vulnerabilities.

Both have their advantages and disadvantages, and the choice between them often depends on user needs and preferences.