#CEXvsDEX101 Here’s a comprehensive breakdown of CEX vs. DEX (Centralized vs. Decentralized Exchanges) tailored for beginners, with key differences, pros/cons, and use cases:

1. Centralized Exchanges (CEX)

2. Decentralized Exchanges (DEX)

Key Differences Summary

When to Use Each?

CEX: Buying crypto with fiat, trading large volumes, or using leverage.

DEX: Swapping obscure tokens, participating in DeFi, or prioritizing privacy.

Hybrid Tip: Many traders use CEX for fiat entry, then transfer to DEX for deeper DeFi activities.