#CEXvsDEX101 #CEXvsDEX101 is the topic comparing centralized exchanges (CEX) and decentralized exchanges (DEX) in the crypto market. CEXs like Binance or Coinbase provide a user-friendly interface, high liquidity, fast order matching, but require KYC and store assets on the exchange – making them vulnerable to hacks or control. On the other hand, DEXs like Uniswap or dYdX allow for decentralized trading, without intermediaries, protecting privacy and controlling personal assets, but often have high gas fees and smart contract risks. The choice between CEX and DEX depends on the preference for convenience or control.