#CEXvsDEX101 Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) each have pros and cons in the crypto world. CEXs offer high liquidity, faster transactions, and user-friendly interfaces, making them ideal for beginners. However, they require users to trust a third party and are vulnerable to hacks and regulations. DEXs provide greater privacy, self-custody of assets, and resistance to censorship, appealing to more experienced users. Yet, they often have lower liquidity, slower trades, and can be harder to use. In short, CEXs prioritize convenience and speed, while DEXs emphasize control and decentralization. Traders often choose based on their priorities: ease-of-use versus autonomy and security.