#CEXvsDEX101

CEX vs DEX: A Basic Guide

CEX (Centralized Exchange) and DEX (Decentralized Exchange) are two types of cryptocurrency exchange platforms. Here are the key differences:

*CEX (Centralized Exchange)*

- Advantages:

- Easy-to-use interface

- Higher liquidity

- Customer support

- Disadvantages:

- Risk of hacks and theft of funds

- Requires trust in the platform

*DEX (Decentralized Exchange)*

- Advantages:

- Greater security and control over your funds

- Does not require intermediaries

- Greater privacy

- Disadvantages:

- Can be more complex to use

- Lower liquidity

Do you want to know more about how CEX and DEX work or do you have any specific questions about these topics?