#CEXvsDEX101 It cannot be said that one exchange is better than another - CEX and DEX have their strengths and weaknesses. CEX (centralized exchange) is more convenient for beginners, offers high liquidity, and is usually faster, but the exchange holds your keys and can be susceptible to hacking attacks. DEX (decentralized exchange) provides full control over funds but requires experience and may have lower liquidity as well as higher fees due to gas costs.

CEX (centralized exchanges):

Pros:

Easy to use, especially for beginners.

High liquidity, more trading pairs.

Fast order execution.

Cons:

The exchange holds your keys, which can pose a security threat.

Higher fees.

Regulated by financial authorities.

DEX (decentralized exchanges):

Pros:

You have complete control over your funds and keys.

Lower fees (excluding gas costs).

Greater privacy and independence.

Cons:

Requires experience in managing wallets and transactions.

May have lower liquidity, especially for rare cryptocurrencies.

Slower, especially during network congestion. Well, something like that.