#CEXvsDEX101 *CEX vs DEX: Understanding the Differences*

CEX (Centralized Exchange) and DEX (Decentralized Exchange) are two types of cryptocurrency exchanges. The CEX is controlled by a centralized entity, offering security and ease of use, but with risks of hacking and loss of control over funds. On the other hand, the DEX is decentralized, allowing peer-to-peer transactions without intermediaries, increasing security and privacy. However, it can be more complex and have limited liquidity. The choice between CEX and DEX depends on the user's needs and preferences, considering factors such as security, ease of use, and control over funds.