#CEXvsDEX101 refers to the comparison between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). Here's a brief overview:

## Centralized Exchanges (CEX)

1. *Definition*: CEX are traditional online platforms where users can buy, sell, and trade cryptocurrencies.

2. *Characteristics*: Centralized, custodial, and often require Know-Your-Customer (KYC) verification.

3. *Examples*: Binance, Coinbase, Kraken.

## Decentralized Exchanges (DEX)

1. *Definition*: DEX are blockchain-based platforms that enable peer-to-peer transactions without intermediaries.

2. *Characteristics*: Decentralized, non-custodial, and often more secure and transparent.

3. *Examples*: Uniswap, SushiSwap, PancakeSwap.