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

*Centralized Exchanges (CEX):*

Centralized Exchanges (CEX) serve as convenient gateways for users looking to enter the cryptocurrency market. While they offer ease of use and high liquidity, they come with risks associated with custodial management and regulatory compliance. As traders become more familiar with the crypto space, understanding the differences between CEXs and their decentralized counterparts (DEXs) will help them make informed decisions based on their individual needs and risk tolerance. In the next section, we will explore Decentralized Exchanges (DEX) and their unique advantages and challenges.