#CEXvsDEX101 Centralized exchanges (CEX) and decentralized exchanges (DEX) differ in functionality and user control:

CEX: Managed by centralized entities, CEX acts as an intermediary. They offer user-friendly interfaces, high liquidity, and advanced trading features such as margin trading. However, users must trust the platform with their funds and data, making it vulnerable to hacks or mismanagement.

DEX: Operates on blockchain protocols without intermediaries, enabling peer-to-peer trading. They prioritize privacy and self-custody of assets, reducing security risks. However, DEX often faces lower liquidity, slower transactions, and a steeper learning curve for users.

CEX is suitable for beginners and active traders, while DEX appeals to supporters of decentralization.