#CEXvsDEX101 CEX (Centralized Exchange) and DEX (Decentralized Exchange) are two types of cryptocurrency trading platforms. CEX operates like traditional exchanges, with a central authority controlling transactions. DEX uses blockchain technology for peer-to-peer transactions without intermediaries. Key differences include control, security, liquidity, and fees. CEX offers higher liquidity and user-friendly interfaces, while DEX provides enhanced security and decentralization. Ultimately, the choice between CEX and DEX depends on individual priorities: convenience and liquidity vs. security and autonomy. Understanding these differences helps traders choose the best platform for their needs and risk tolerance. Both models have their strengths and weaknesses.