#CEXvsDEX101

Hello! Let's clarify the difference between centralized (CEX) and decentralized (DEX) cryptocurrency exchanges.

Centralized Exchanges (CEX):

1. Management - Managed by a central authority or company.

2. Security - Can be targets for hackers due to centralized storage of funds.

3. Liquidity - Usually have high liquidity and large trading volumes.

4. Regulation - Most often subject to regulatory authorities.

5. Convenience - Easy to use, especially for beginners.

Decentralized Exchanges (DEX):

1. Management - Operate on the basis of blockchain and smart contracts, without a central authority.

2. Security - Funds are stored in users' wallets, reducing the risk of hacking.

3. Liquidity - May be lower than on CEX, but is constantly increasing.

4. Regulation - Usually not subject to traditional regulatory authorities.

5. Convenience - Can be more complex to use, requiring management of one's own wallet.

I hope this helps you better understand the differences between them!