#CEXvsDEX101 ¡Excellent topic! Centralized exchanges (CEX) and decentralized exchanges (DEX) are two types of cryptocurrency trading platforms that have different characteristics and advantages. Here is a comparison between CEX and DEX:
*Centralized Exchanges (CEX)*
- *Definition*: A CEX is a cryptocurrency trading platform that is controlled by a centralized entity.
- *Advantages*:
- *Liquidity*: CEXs usually have higher liquidity, allowing users to buy and sell cryptocurrencies quickly.
- *User interface*: CEXs typically have more user-friendly and easy-to-use interfaces.
- *Support*: CEXs generally offer technical support and customer service.
- **Disadvantages