#CEXvsDEX101
Here's a comparison of CEX (Centralized Exchange) and DEX (Decentralized Exchange) in 100 words:
*Key Differences:*
- *Centralization*: CEXs are controlled by a central authority, while DEXs operate on a decentralized network.
- *Security*: CEXs are more vulnerable to hacks, but offer insurance and better user support. DEXs are more secure since users control their funds, but may be susceptible to smart contract bugs.
- *User Experience*: CEXs are user-friendly, with fast transactions and simple fiat-to-crypto transactions. DEXs can be complex, with slower transactions.
- *Trading Options*: CEXs offer more trading features, like margin trading and futures. DEXs provide more control over assets and private keys.
Examples of CEXs include Binance and Coinbase, while Uniswap and Pancakeswap are popular DEXs.