#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).