#CEXvsDEX101

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are two types of cryptocurrency trading platforms with key differences in their operation, security, and user experience.

In summary:

CEX:

These are intermediary platforms where a central company manages transactions and users' funds. They offer greater liquidity, ease of use, and regulatory compliance, but are more susceptible to cyber attacks and data breaches.

DEX:

These are peer-to-peer platforms that use smart contracts to facilitate transactions directly between users without intermediaries. They offer greater privacy and control over funds, but may have lower liquidity, more complex interfaces, and a higher risk of vulnerabilities in smart contracts.