#CEXvsDEX101

CEX (Centralized Exchange):

Wallet: CEX holds your assets.

Advantages: Easy to use, supports fiat, high liquidity.

Disadvantages: Risk of hacking, requires KYC/AML.

DEX (Decentralized Exchange):

Wallet: You control your assets.

Advantages: No intermediaries, higher security.

Disadvantages: Complex, lower liquidity.