#CEXvsDEX101 Centralized Exchanges (CEX) vs Decentralized Exchanges (DEX)

*Centralized Exchanges (CEX):*

1. Run by a central authority

2. Users deposit funds into exchange-controlled wallets

3. Faster transaction processing

4. Often provide more user-friendly interfaces

5. Examples: Binance, Coinbase

*Decentralized Exchanges (DEX):*

1. Operate on blockchain technology

2. Trustless, peer-to-peer transactions

3. Users retain control of their funds

4. Greater security and transparency

5. Examples: Uniswap, PancakeSwap