#CEXvsDEX101
CEX (Centralized Exchange) and DEX (Decentralized Exchange) are two types of cryptocurrency trading platforms.
CEX:
1. Centralized authority controls transactions
2. Higher liquidity and faster transactions
3. User-friendly interface
4. Custodial, holding users' funds
DEX:
1. Decentralized, peer-to-peer transactions
2. Greater security and transparency
3. Non-custodial, users control funds
4. Often slower and less liquid