#CEXvsDEX101 In the world of cryptocurrencies, CEX (Centralized Exchange) and DEX (Decentralized Exchange) represent two very different approaches to trading digital assets. A CEX operates as a centralized platform, managed by an entity, where users deposit their funds and can then make transactions through an order system and order book. A DEX, on the other hand, uses blockchain technology to facilitate transactions directly between users' wallets, without intermediaries. The choice between a CEX and a DEX depends on the individual user's needs and preferences, as well as their level of knowledge of cryptocurrencies.