#CEXvsDEX101
In the world of cryptocurrencies, centralized exchanges (CEX) and decentralized exchanges (DEX) emerge as the two main options.
CEX offers high liquidity and fast execution, but it requires trust in an intermediary that holds the funds.
On the other hand, DEX relies on smart contracts, giving users complete control over their assets without intermediaries, but it sometimes suffers from a lack of liquidity and slow transactions.
Security, privacy, and decentralization are the strengths of DEX, while CEX is characterized by ease of use and technical support.
The choice between them depends on your priorities as a user. Do you prefer complete control or convenience and speed of access?