#CEXvsDEX101

In the world of cryptocurrency trading, two primary types of exchanges exist: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX).

- *Centralized Exchanges (CEX)*: Operated by a central authority, CEXs facilitate buying, selling, and trading of cryptocurrencies. Examples include Binance and Coinbase. They offer user-friendly interfaces, high liquidity, and robust security measures.

- *Decentralized Exchanges (DEX)*: DEXs operate on blockchain technology, enabling peer-to-peer transactions without intermediaries. Examples include Uniswap and SushiSwap. They provide greater security, transparency, and autonomy, but often have lower liquidity and more complex interfaces.

Understanding the differences between CEXs and DEXs is crucial for navigating the cryptocurrency market effectively. Each type of exchange has its advantages and disadvantages, and choosing the right one depends on individual needs and preferences.