#CEXvsDEX101 The world of crypto offers two main trading options: centralized exchanges and decentralized exchanges. The centralized exchange provides ease of use, high liquidity, and speed in order execution, but it requires trust in a third party and may be vulnerable to hacks. On the other hand, the decentralized exchange relies on smart contracts, giving you complete control over your funds without an intermediary, but it may be less user-friendly and requires a deeper understanding of the technology. Your choice between them depends on what you prefer: convenience and speed, or security and control? Each type has its advantages and challenges, and knowing the difference between them gives you a better ability to make the right decision in your trades.