#CEXvsDEX101 The choice between centralized exchanges (CEX) and decentralized exchanges (DEX) is crucial for cryptocurrency users. With the hashtag #CEXvsDEX101, the aim is to clarify the differences between these two types of platforms.

**Centralized exchanges (CEX)** are platforms where transactions are managed through a central entity. They offer high liquidity, user-friendly interfaces, and customer support, making them attractive for beginners. However, users must trust the platform for the custody of their funds, which can be a risk if the platform is hacked.

On the other hand, **decentralized exchanges (DEX)** allow users to trade directly with each other without intermediaries. This provides greater control over funds and increased privacy, as there is no need to share personal information. However, DEXs may have lower liquidity and can be more complicated for beginners to use.

Understanding the advantages and disadvantages of CEX and DEX helps users make informed decisions about where to conduct their trades and how to manage their assets in the crypto world.