#CEXvsDEX101

In the world of cryptocurrency trading, exchanges are a fundamental platform for buying and selling digital assets. These exchanges are divided into two main types: **Centralized (CEX)** and **Decentralized (DEX)**. Each has its own advantages and disadvantages, making it suitable for different categories of users.

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### **1. What is a Centralized Exchange (CEX)?**

Centralized exchanges are intermediary platforms managed by companies or central entities, where they hold users' funds and private keys on their behalf. Some of the most famous examples are: **Binance** and **Coinbase** and **