#CEXvsDEX101 CEXvsDEX101 I have always had the question of what a centralized entity and a decentralized one is, and like everything, there are pros and cons to each of them. In centralized exchanges (CEX), we run the risk that if that CEX gets hacked, you could lose your funds. However, the events and promotions that these exchanges hold are positive and attract more members or people to their platforms. On the other hand, decentralized exchanges (DEX) are not very crowded but are safer for keeping your funds secure, although in this crypto world, anything can happen. In my personal opinion, it is better to diversify your wallet in several places and not risk all your money in one single location. Everyone will decide what to do with their assets.