#CEXvsDEX101 The main thing about centralized and decentralized cryptocurrency exchanges

There are two types of cryptons: those who cannot decide on the type of exchange, and those who use two at once.

There are also two types of crypto exchanges: centralized (CEX) and decentralized (DEX).

If you are one of those who hesitate 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 crypto exchanges, their advantages and disadvantages.

Base. Ground. Foundation.

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

Instead, DEX (Decentralized Exchange) is a decentralized crypto exchange that operates on the basis of distributed ledger technology. Examples of such services include dYdX, Curve, Uniswap, and the lion's share of swaps.