#CEXvsDEX101 CEXvsDEX101

Main information about centralized and decentralized cryptocurrency exchanges

There are two types of crypto enthusiasts: those who can't decide on the type of exchange, and those who use both at once.

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

If you belong to those who are indecisive 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. These include industry giants like Binance, OKX, Kraken, and many others.

In contrast, DEX (Decentralized Exchange) is a decentralized cryptocurrency exchange that operates based on distributed ledger technology. Examples of such services include dYdX, Curve, Uniswap, and many other swaps.