#CEXvsDEX101
CEX (Centralized Exchange) vs DEX (Decentralized Exchange) 101:
CEX:
Operated by a central authority.
Easier to use, supports fiat deposits.
Higher risk of hacks, but offers customer support.
DEX:
Peer-to-peer, no middleman.
More privacy & security, but requires more technical know-how.
Lower fees, no need for KYC.
Choose based on your needs: convenience (CEX) or control & privacy (DEX).