#CEXvsDEX101

CEX vs DEX 101

In the crypto world, exchanges come in two main forms:

1. *Centralized Exchanges (CEX)*: Platforms like Binance, Coinbase, where a central authority manages transactions. They offer user-friendly interfaces and high liquidity but require trust in the platform.

2. *Decentralized Exchanges (DEX)*: Platforms like Uniswap, where transactions occur directly between users without intermediaries. DEXs prioritize privacy and security but can be more complex.