#CEXvsDEX101🔥

Cryptocurrency exchange platforms are divided into two main categories: CEX (Centralized Exchanges) and DEX (Decentralized Exchanges). CEXs, like Binance or Coinbase, are centralized platforms offering a user-friendly interface, high volume, and significant liquidity. However, they often require identity verification and hold users' funds. In contrast, DEXs operate without intermediaries, allowing direct exchanges between users via smart contracts. This ensures more anonymity and control over one's assets, but liquidity may be lower and interfaces less intuitive. Choosing between CEX and DEX depends on priorities: security, control, or simplicity. #CEXvsDEX101🔥