#CEXvsDEX101 Navigating the crypto world means understanding the fundamental difference between CEX and DEX. Centralized Exchanges (CEXs) offer user-friendliness, high liquidity, and fiat on/off-ramps, making them ideal for beginners. However, you sacrifice control, as the exchange holds your private keys, posing a custodial risk.

Decentralized Exchanges (DEXs), conversely, prioritize self-custody and privacy, allowing peer-to-peer trading directly from your wallet. While offering greater autonomy and access to newer tokens, DEXs often present a steeper learning curve, lower liquidity for some assets, and variable network (gas) fees. Your choice depends on your priorities: convenience and features versus security and independence.