#CEXvsDEX101

✅ #CEXvsDEX101

Centralized Exchange (CEX) and Decentralized Exchange (DEX) are two main types of platforms for trading crypto assets. CEX like Binance, Coinbase, and Kraken are operated by centralized entities that provide order matching services, security, and fund management. In contrast, DEX like Uniswap, PancakeSwap, and dYdX run on smart contracts and do not require intermediaries, allowing users to retain control of their private keys. CEX is generally more user-friendly and offers high liquidity but requires users to trust their assets to a third party. DEX offers privacy and full control over funds, but it can have risks related to smart contracts and a less beginner-friendly UI. The choice between the two depends on the user's needs and preferences. #CEXvsDEX101