#CEXvsDEX101 *CEX (Centralized Exchange)*:

- Operates on a centralized platform, similar to traditional stock exchanges.

- Users' funds are held by the exchange.

- Typically offers high liquidity and user-friendly interfaces.

- Examples include Binance and Coinbase.

*DEX (Decentralized Exchange)*:

- Operates on a blockchain, allowing peer-to-peer transactions without intermediaries.

- Users retain control of their funds.

- Offers greater security and transparency but may have lower liquidity.

- Examples include Uniswap and SushiSwap.

The choice between CEX and DEX depends on priorities: convenience and liquidity (CEX) or security and decentralization (DEX).